01.12.16 Forecast Euro COURTESY DIP

01.12.16 Forecast Euro COURTESY DIP

by | Jan 13, 2016 | Free Stuff

COURTESY DIP SCENARIO presented by New Wave Forecasting “For the first time in a while I believe an opportunity may present in the Euro currency. In this particular case I would like to see the 62% retracement near 1.0820 hold. The 76 is down near 1.0785 which would bring up the potential of a sub 1.08 bear trap. IF this plays out close to my vision the rally should be stronger than the last one.” 7:55 PM (ET) 01.12.16 “I did not adjust this chart in any way. We will see if prices do rocket out of the target zone. I am not sure where the upside tipping point may be but the market should make it clear” 8:50 AM ET 01.13.16 “All I can say is so far so perfect. It would be best for the very bullish scenario if prices at least rally into the EuroZone close.” 9:49 AM ET 01.13.16 “This forecast may be turn out to be nothing short of spectacular. The minimum objective is a visit to the top of the pattern near 1.0915 and that may be enough for today. I kind of think the shorts will be squirming right into the Eurozone close.” 10:36 AM ET...

Some not so random thoughts about equities in general 01.12.16

by | Jan 12, 2016 | Free Stuff

Coming into 9:00 futures are holding their gains fairly well and at the moment all I can say is that I don’t think they will crash and burn. Here is the bullish problem as I see it, at least for today.  If I wanted to buy something or scurry from a bad short I would have done it by now.  This means that some likely exogenous development is going to be required to get me in and unfortunately clairvoyant I am not. I would also add that regardless how today settles out the “better” names are going to be those that show the best relative performance.  In particular look at the directional change from today’s open>>>if it is negative it is a name that might be better off on a sell list than a...
NatGas bearish forecast

NatGas bearish forecast

by | Jan 12, 2016 | Free Stuff

The continuing weakness is consistent with the revised scenario for a top in place but I can not attach a high confidence count for the decline.   I think there is a strong chance that prices will simply sag right into support which is anywhere from 2.27-2.24.  If this is the nasty bull trap I have pictured 2.38+/- really should be the max upside.  Above there we have the 76% near...
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