FLATS are three legged structures also labeled as a-b-c. Three legged structures as opposed to five legged structures more sideways. This is why three legged structures are called counter trend, corrections or retracement of the main trend. And five legged structures on the other hand are impulsive, non overlapping and cause net movement. A classic […]
The EUR USD pair is in an ongoing TRIANGLE structure. TRIANGLE are five legged counter trend structure (a-b-c-d-e). The e leg falls around 1.305 levels. This is a turn around level for us. There are many reasons why we think the currency is an ongoing counter trend corrective structure, which is preparing to turn down […]
BRENT broke down below our anticipated supports. After prices broke down 50, the pause up was short lived. Prices are down till 37 now. This is a deeper retracement by all mean and even puts our PREFERRED (SLIDE 5) 4 circle wave view under doubt. Before we discuss any alternate scenarios, we would still like […]
It needs more than an open mind, to understand the linkage between markets, history and psychology. My father, an architect, understands fractals and the mathematical symmetry of markets and how they work in isolation unaware of news. But the subject of World War III cyclicality in 2024-2030 disturbed him. But then there is no order without chaos, there is no balance without imbalance, there is no growth without decay, there is no psychology without wide swings and extremes, there is no peace without terror and there is no economic cycle without a war. Every generation has its war. We will have our share of terror and war too, the only challenge we will have then is to see it as a lifetime wealth opportunity or a crisis that we fail to accept.
…the DOW bottom. If markets could not have got more complex for GOLD BULLS, our intermarket cycles desk has initiated a LONG SILVER, SHORT GOLD signal. Though the signal was cooking for sometime since we gave our SILVER TURNS UP update (WAVES.GOLD.311008), we were waiting for more confirmation regarding a turn up on the silver […]
There are many ways to read market sentiment. We talked about extreme sentiment readings and their interpretation on prior occasions; too bearish or bullish readings tell us what the market is thinking. RSR readings were extremely bullish at the start of the year, when markets were topping and the readings were extreme negative last month […]
Before we come to the two utility majors let’s look at the Romanian markets. One of the lowest valuation globally; PEs of less then 7 looking forward; Strong fundamentals; Large global M&A deals; Low debt to capita ratios; Relative growth perspective of 4-5% for the next 2 years; Relative stable currency; Low budget deficit of […]
We had extreme negative events surrounding the markets, but OCT lows remain unbroken. In both SENSEX and NIFTY, prices did not even retest OCT lows and held above our anticipated gap levels 8,551 and 2,536 respectively (WAVES.IND 121108). BSEOIL just like SENSEX and NIFTY also held above open gaps […]
What happened was sad. But unfortunately such actions of terror are created by the society itself. Though extreme, terror is human expression of revolt. Terror is a mass psychology event as it influences masses, creating panic and despair in them. One of our members mentioned that he was sorry about the state of the world. […]
We captured the move up from OCT LOW (CYCLE II), then we wrote about THE FIRST FIVE up and this was followed by our report on sector leaders (who is leading the pack?). We said in our 06 NOV report that “A minor trend takes time to become intermediate. And an intermediate trend takes time […]