In the chat room, I've posted a note concerning an over-the-counter mining stock of interest. You can find the note at 16.22 hours […] Read More
The Dollar Index is giving off mixed signals, consolidating just below a midpoint pivot after creating a strongly bullish impulse leg yesterday on the hourly chart. If the retracement goes lower than the 'd' target at 76.33, the whole bullish enterprise would become suspect, notwithstanding the dog-and-pony show slated in Pittsburgh this week. - […] Read More
The futures failed to reach a targeted pullback low at 993.00 yesterday, suggesting that the bounce off the actual low at 996.30 is likely to reach its 'D' target, ______. The futures appeared to be corroboraating this scenario Monday night by pushing above the uptrend's midpoint pivot.
The futures have the potential to hit _____ on the next thrust - a target that has been corroborated by the stall within two ticks of its sibling midpoint 120^11. The best way to board would be to use a camouflage 'B' that is recorded somewhere between 120^14 and 102^16.The opportunity could come and go quickly, so you'll need to be ready.
Putting aside the two targets in the stratosphere that I flagged here yesterday, there's a minor corrective one at 1052.25 that you could use for bottom-fishing with a stop-loss as tight as two ticks. Please note that it would take a print today at 1047.50 to turn the hourly chat bearish. ______ UPDATE (1061.25): The stop-loss would need to have been at least four ticks, since the actual low occured at 1051.50. The subsequent bounce points to _____, subject to midpoint resistance at 1063.00, but neither number looks like it will be worth much for tradng purposes.
[Rick has been under the weather with a possible case of food poisoning. Filling in for him today is Chuck Cohen, a financial consultant whose work will be familiar to many of you. The following appeared at LeMetropole.com over the weekend. Chuck thinks that as long as the news media continue to stumble around […] Read More
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