unforgiven

unforgiven

R.N. Elliott was famous for saying that one of the hardest things about trading was believing what you were seeing, and that is currently the case with Copper. Copper currently appears to be in the midst of breaking out from a 14 YEAR CONTRACTING TRIANGLE! If this breakout succeeds, and it appears it has, it would portend the greatest bull run in copper in the...

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Ever since "Printapalooza" started in the basement of the Eccles building in 2008, financial assets have been on a long strange trip, a trip that has seen them floating on a sea of conjured-up currency units, and increasingly detached from the economic realities of the day. Nowhere is this more evident than in the major averages. Consider the chart of the S&P...

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Kyber Networks, KNC, appears to be breaking out in fifth and final wave of its very first impulse structure. Quite historic...VIVA LA CRYPTO!

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Often times during countertrend moves, price action can become choppy, overlapping, and difficult to read, let alone trade. It is important to be continually monitoring charts of individual issues, as well as the major averages, as often times, when one is choppy and "unreadable," the other will give a tell as to where you are, technically speaking, within any...

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Looks like mom and Pop are all in on this rally... If you can't get any more volume on the upside, whats left?

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CGNX has had a propensity for rising and falling ahead of the major averages. If this correlation continues, the recent breakdown from its countertrend high is a clear warning that the rally so beloved by Main Street investors is on thin ice. Moreover, the recent 5 day average Put/Call ratio has dropped to a six year low, and trader bullish sentiment is now...

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MNOD has had a propensity of leading recent market turns and note that today it has broken down from the rally off the March bottom. Longs proceed with caution.

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Whether you want to believe or not, study market cycles long enough and you will come to find that: ALL PROBLEMS START IN THE CREDIT MARKET...ALL OF THEM!!! ! To Wit: DHY often presages turns in the major market averages, and moreover, within corrective phases, often has a clear technical picture than the major averages, making it a good proxy for timing the...

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Breaking out in final actionary C wave that should terminate commensurate with termination of entire rally off March bottom.

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Micron technology is breaking out today from a B wave consolidating triangle as it moves towards completing its zig-zag upward correction. This is a large stock and I suspect it will top when the rest of the market tops. Moreover, with a clear technical chart, MU can be a proxy for timing major indexes.

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Plug power is breaking out today from a consolidating triangle "B" wave that has been forming for several weeks. I suspect this C wave will terminate commensurate with when the rest of the market finally tops out and rolls over, which is almost at hand

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The past is prologue in this daily bar chart of the Dow Jones Industrial Average circa 1929, just before the infamous "Black Thursday," October 24th, 1929, helped usher in the most damaging portion, the C wave, of the correction that was to become known as "The Great Depression." Much like today, the 1920's saw a rampant, unchecked rise in stock and land...

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Livent Corp. looks like it has completed the b wave of a ongoing Zigzag formation. If the pattern continues, the stock should move up towards the $6.50 range for a hefty nearly fifty percent move.

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Take a look at the pattern that is now forming in the Rail Complex. It is a textbook Elliott Wave pattern known as a Zigzag. You can make a fortune trading just the "C" wave portion of this formation, as it appears on all liquid highly traded, stocks and broad based Indexes, and on all time frames. If the presumed "count" that I have for the major indexes is...

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Good trade opportunity as Tesla is set up for a near picture perfect b wave as part of the A-B-C correction that still has much longer to run.

unforgiven Updated 

Copper is sitting on a support line that has held for nearly twenty years. If this support gives away, then the implications for the market is dire.

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An ending diagonal formation in several commodity charts would portend a rapid move higher for prices of commodities at a time when many producers are going offline.

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The us dollar index is threatening to break the long-term trendline that has supported price action since the bottom on May, 2014. Except for a few brief instances this trendline has served as life support for the entire rally, and a meaningful break of this trendline would have significant implications for commodities and currencies. Oil and the Canadian...