No position as of yet
Friday, April 4, 2014
Quick look at Disney stock
Thursday, April 3, 2014
Guess who awake… and hungry
Holding short
Dow futures… will it take out 16540?
Side note- Intraday 1 min chart shows a completed or very close to completed 5 waves up.
Positions holding short…
Wednesday, April 2, 2014
Lumber… where we going from here?
While looking over some charts tonight I came across the lumber chart and it caught my eye. I will be watching this market as I believe this thing could get rolling higher very soon. (Small position opened 332.90)
Detailed wave counts on this mrkt with targets. Commoditykid@gmail.com n I'll send you my current count.
Facebook… update wave count
Facebook is looking great and I'm looking for the start of the c wave lower to around the 44-47 area as this was the prior wave 4. (Still Holding short ).
Order placed to sell under prior low at 59.00
Dow futures wave 2? Or are we moving on up?
Canada$… is w5 down ready to start?
Looking at the June Canadian dollar. The daily chart looks like a complex wave 4, with the last 5 wave up move happening now. My Upside targets come in at 9125 to 9180 to possibly finish the formation and then the reversal lower. I will be watching here as I believe we are in the last stages of a c wave that targets the 8597 on the downside.
Natural gas updated count
Natural gas with the recent push down appears to be in overlapping waves and looks like we are forming a wave 2 of wave 3. Targets for this wave on the downside are 4.248 down to 4.073
Tuesday, April 1, 2014
april gold / june gold count modification.
As of this morning my first count invalidated as prices slipped below my 1280.10 price by about 3 bucks. the other related count was that we are still in a wave 4 deep zig zag but wave 1 ended at 1255.10 which would keep this count valid. The other scenario is that this could very well be wave 2 as it qualifies on being deep enough and a zig zag which wave 2's often are. either way ill be watching for prices to push higher.
- holding long june from 1293
- holding long june from 1293
Monday, March 31, 2014
Count for April gold…w2 or wave 4?
April gold moved as low as 1282.40 as of this writing and has yet to crack that 1280.10 level and the count currently remains as a wave 4. If however we do manage to trade underneath this price of 1280.10 then my count will change to a possible wave 2 zig zag. (Normally Wave 2's usually move 618-.786 of wave 1) this would move the target on the low side to 1227-1262.7. For now though I'm counting this as a deep wave 4 Positions holding long for now.
Dec corn upside trgts…
Well that was quick -dec corn truncated the 5th wave down intraday to possibly complete the daily triangle and breaking out… upside target for dec corn 509 1/4…
Christmas corn setting up
As you can see buy the intra day 5-min chart the impulse down is plain to see and a push back to 4801/2 to 482 will be needed to move us out of the impulse down and set up one last leg lower. This will set up my trade.
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