NewWave Cooked Up a Tasty EURO Recipe for Disaster

NewWave Cooked Up a Tasty EURO Recipe for Disaster

by | Feb 1, 2016 | Uncategorized

This week’s EURO courtesy rally scenario cooked up just fine. Once the forecast was in the kitchen, timely updates kept subscribers ready for the arrival of the entrée. Not only did the EURO tumble in line with expectations, the dessert was real time identification of the low within five ticks of the bottom, and one tick from the target.   For the next course you must subscribe!  ...
Amazon Closes At $587, WHAT NEXT You Ask?

Amazon Closes At $587, WHAT NEXT You Ask?

by | Jan 31, 2016 | Uncategorized

Amazon ultimately rallied about 15% from the $550 level where I suggested “enough is enough.” Two real time updates later a $625 target was generated and some type of action was suggested. The earnings response was “sudden disappointment,” I highlighted the importance of the $570 level, and that is exactly where AMZN opened on the NYSE market. Prices close the week about 3% above there.   For WHAT NEXT you must subscribe!...
The Euro Currency 01.25.16

The Euro Currency 01.25.16

by | Jan 26, 2016 | Uncategorized

The Euro forecast for a corrective wave “b” rally has not changed and will ideally test 1.0950 although t is possible that a triangle will develop in which case prices will not likely exceed 1.09.  FWIW prices should see 1.0750 before seeing 1.10 if I have this...
Amazon below $550 IS ENOUGH ENOUGH

Amazon below $550 IS ENOUGH ENOUGH

by | Jan 20, 2016 | Uncategorized

The very first day AMZN trade $675 I posted and tweeted that “enough was enough” that a midway projection had been met.  The name hung up there for a while but look where were are today.  IF I have this wave count correct this should ultimately prove out to be a massive courtesy dip.  The thought of selling puts comes to mind given the big jump in...
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