Friday, December 17, 2010
Thursday, November 18, 2010
Saturday, November 13, 2010
Cocoa just crapped out!!
Looks like Cocoa just rolled another 7 after a few points have been made. A 7 point fractal is complete along with the prerequisite copy of the deep retractment fractal that appears before a big sell off. The dealer is about to take all the bets down in a big way.
Monday, November 1, 2010
Saturday, October 30, 2010
Looks like a Wernicki pair to me.
The Toronto Stock index is tracing out a very interesting pattern. So far it has formed an exact replica of the topping pattern from 2008. Hank Wernicki's theory is that markets operate in chaos until a fractal appears bringing order, and a turning point in price upon completion of a fractal pair. The first fractal is the parent, the second is the child in this case. From a trading perspective, the appearance of the pair allows for a low risk entry usually close to top tick. Since most of the global markets are in sinc a turn in this index would coincide with a turn in the DOW, etc. This pair is appearing right where you would expect it to considering the overwhelming bullish sentiment, etc. I'm thnking sell the QE2.
Thursday, October 28, 2010
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