Prosperitus

Prosperitus

Hi Everyone, I thought I would put this out there to see what people think. Charting the entire history of Fastenal Company (FAST) shows that the market and this company is not only at an all time high but to continue on the same path would mean going straight up! This cannot continue for long before there is a major movement down. If we mirror the past but as...

Prosperitus

Federal Funds Rate history and analysis. At what rate will the Federal Reserve pause?

Prosperitus

Watch out below!

Prosperitus

Hi Everyone, Here is what I think may happen based upon where it seems the waves are heading. Happy trading holidays!

Prosperitus

It seems SPX may have found a top because of the way key levels line up with other past key levels when using the Fibonacci retracement tool .

Prosperitus

When will a correction occur? It looks like the S&P 500 is on the 5th wave of a 5 wave impulse. Next will be a 3 wave correction sequence. When will this happen? The 5th wave is exponential! This means to me that the correction should be strong. Using Fibonacci ratios it looks like the correction should start when the S & P 500 reaches about $3,000. The...

Prosperitus Updated 

This Put will be based upon earnings which is always a risk. However, it looks like the MACD indicator will be lining up to suggest a possible put at around that time. It will be interesting to see where it goes! :-)

Prosperitus

I just noticed, to me anyway, how close TSLA and LUV are following each other. Kind of interesting. Not sure if it means anything. TSLA looks like a double top and LUV looks like a head and shoulders pattern. However, it stills looks interesting to me.

Prosperitus Updated 

Looks like a Head and Shoulder pattern is developing here. Look at the volume on the down and the volume on the up. If volume picks up it will be a sign.

Prosperitus

Looks like a Head and Shoulders Pattern is developing.

Prosperitus Updated 

Double or Triple top - Price has broken below resistance. I do not is any resistance until price hits $27.

Prosperitus

Stock made a double top and is consolidated. I do not see any indication of an immediate downturn but it will probably happen fast when it does! I will be looking at the earnings report on October 25th. If the loss is more than the $2 projected it will probably turn down fast. It will be interesting to see where it goes. Personally, its looks like down is...

Prosperitus

A cup and handle has formed. The stock price could go to $49 by end of year if the price breaks through the channel of the handle.

Prosperitus

The share price has rolled over like a water fall in a rounded top pattern. How low will in go? It is hard to say since this is the first correction of its kind with this stock. KMX's resent correction was approximately 40%. If that occurs here the share price bottom would be approximately $175. Will it happen???

Prosperitus

This would be the fourth time ILMN stock price falls quickly and substantially, if it happens. The top price of approximately $190 did not hit the two point trend line set up by past highs. In the past four times it fell quickly and without warning. Will it happen again? It appears it might since the current price fluctuations are lower than the established...