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

Gold Fractal Pair

Euro - right on time, right on target.

Everyone says you can't time markets. I don't think you take a trade unless you can.

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.