WAVES.ROM – WHERE IS THE PRICE CONFIRMATION?

Markets don’t take easily to a challenge and it’s better not to challenge the market. The moment we challenge or make a 100% probability scenario that something will happen there is a likely chance that markets might surprise. A little bit of uncertainty is good in the investing and forecasting business. More sure you, less right your are. This is why we at Orpheus, try following rules and though we stand by our view we know that 100% probability forecasts don’t exist.
We have been sticking to a view of a possible alternative move down from here since MAY highs. Markets have breached respective highs, but we are still of a topping and down view than otherwise.  Reasons backing this low probability view for us. 1: Buyers like price confirmation. Daily and weekly KEY REVERSAL bars on SIFs and BETFI stand unbroken. 2: If markets were indeed strong we should not have seen a weak momentum situation. Momentum situation remains more discouraging than encouraging. Momentum we should remember are leading indicators. If leading indicators are stagnating, not confirming and lacking energy, how should we get onto jumpy positive mood to just BUY. 3: Price projections suggest increasing supply pressure ahead rather than increasing buying pressure ahead. If market rise from here and don’t turn down, we will consider it a C up and not a 3 up. This means 30% potential upside which can happen from here, will make market situation weaker rather than stronger. 4: Then we have weekly and daily trading gaps. Gaps are emotional. Why are the buyers emotional if they are strong and decisive.
We continue to maintain that till price’s confirm, its better to be cautious than excited.
Enjoy the latest WAVES.ROM
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WAVES.ROM is a perspective product published on TUESDAY’S and THURSDAY’S. The report highlights Romanian Stock Market top three Equity Indices viz. the top ten blue chip BET Index (.BETI), BET Composite (.BETC), the Financial Index BETFI (.BETFI) and the local currency RON (EURRON=, RON=). The products covers the top ten BET component stocks. (ROMP.BX, SNPP.BX, BATR.BX, BRDX.BX, TSEL.BX, ATBE.BX, BRKU.BX, BIOF.BX, IMPT.BX, TUBU.BX) and all the components of BETFI Financial Index(SIF2.BX, SIF5.BX, SIF3.BX, SIF1.BX, SIF4.BX) are covered in the report. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools, sentiment indicators and other alternative research tools like INTERMARKET to spot outperformers. WAVES.ROM, CHANNELS.BVB and CHANNELS.RASDAQ are bundled together as PERSPECTIVE products. Unlike WAVES which focuses more on blue chips, CHANNELS covers all the BVB and RASDAQ stocks.
REUTERS COVERAGE .BETFI, TUBU.BX, TSEL.BX, SNPP.BX, SIF5.BX, SIF4.BX, SIF3.BX, SIF2.BX, SIF1.BX, ROMP.BX, IMPT.BX, BRKU.BX, BRDX.BX, BIOF.BX, BATR.BX, ATBE.BX
ORPHEUS RESEARCH AT REUTERS – UNITED KINGDOM
ORPHEUS RESEARCH AT REUTERS – USA