Announcements:
There will be no weekend edition of Heard on the Street as my Global Gains Mid Year Forecast covers over 20 markets including global indices, currencies, energy, metals and intermarket relationships. The video is over 30 minutes in duration that includes an introduction.
I would also appreciate your feedback on the video, it's content, etc.
Best of Trading.
An educational blogsite dedicated to teaching the Elliott Wave Principle, Fibonacci Ratio Analysis and Market Timing strategies. Primary focus is on the E-mini S&P. Please read the risk disclosures contained within this blog.
Showing posts with label indices. Show all posts
Showing posts with label indices. Show all posts
Friday, August 26, 2011
Sunday, August 14, 2011
Heard on the Street
Does a Recent Fibonacci Expansion Series
Confirm the Bear Market Return?
Announcements:
- On August 20,2011 I will be releasing my Global Gains -- Mid Year Forecast covering 20 markets (World indices, Currencies, Energy, Commodities and Metals) as well as some key intermarket relationships that you should be watching.
- In September, watch for details on my new premium service Signal Watch RT ® -- a premium service -- providing insightful, real - time intraday elliott wave analysis. A complete list of features, benefits and special discount pricing will be available for current Twitter followers.
- Not a Twitter fan? You can get my most recent blog posts quickly and easily by "following my blog" or subscribing to my RSS feed. See the top right portion of my blog for details.
The Market:
The Emini SP continues to follow my 2007-2011 analogy. It's interesting to listen to and read the bull/bear debate from the talking heads and other pundits. I'll stick with the charts!
Listen to my weekend video -- Heard on the Street -- to gain unfair advantage over other traders during the upcoming trading week.
Best of Trading
Thursday, July 28, 2011
Silver and Gold: A Possible Turn?
SILVER:
Gold:
Looking at the daily chart, the wave pattern is mature. Little, if any, upside potential remains. I would allow room for limited upside here with the understanding that the risk now is to the upside. Prints below 1478.5 would mean that a meaningful decline should follow.
Silver appears to have completed a flat correction that met resistance at 40.85- .95. A break of the w.iv circle low of 38.19 confirms that w.(2) had ended, setting the stage for a third wave decline.
Gold:
The call on Gold is a bit more complex than silver. At the weekly chart level, the price of Gold has reached a high of 1629 where w.(4) divides w.{(1)-(5)} into the Golden section.
Looking at the daily chart, the wave pattern is mature. Little, if any, upside potential remains. I would allow room for limited upside here with the understanding that the risk now is to the upside. Prints below 1478.5 would mean that a meaningful decline should follow.
You can learn more about the long term direction of Silver, Gold, global indices, commodities and currencies, in my upcoming Mid Year Forecast.
Best of Trading
Labels:
Commodities,
Currencies,
FX,
Gold,
indices,
Silver Gold Ratio
Subscribe to:
Posts (Atom)