By John Bedford Published 18/11/2014
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GTA 5 may have been remastered but some things never change, and the latest editions include all of the cheat codes you might have enjoyed causing havoc with last year. As well as the typical player-orientated cheats you’d expect in a GTA game, such as invincibility, faster movement and so on, there are also world-changing […]
SummaryIs recent stock market action significant or just a blip to Dow 40,000?
What is the market telling us from a historical perspective?
Does this market pass the “eye” test?
The recent stock market action reminds us that it is important to evaluate the broader picture. This comment applies whether you are a trader taking a position for as little as a day, […]
Gold fell to a new low on the month this week, currently around 1288. The 4H chart shows a market that is trading in an ABC pattern. With a C=A projection, the current swing targets the 1270-1275 area.Gold 4H Chart 7/25(click to enlarge)As we get into the 7/25, Friday session, expect some pullback. Price is trading near a projected support, and […]
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]]>Rhiza, founded by Josh Knauer, just closed a $3 million funding round. The startup makes marketing analytic tools that helps bridge the gap between big data and companies, marketers and salespeople, the products are extremely user friendly and 100 percent intuitive.Notably behind the latest funding round is Draper Triangle Ventures, also out of Pittsburgh, along with Camp One Ventures and […]
Bitcoin Trading (BTC/USD) Technical Analysis June 5th: Upside Triangle Breach By Ron Finberg on June 5, 2014 in Trading Since piercing above $500 towards the end of May and continuing its rally to begin June, prices of bitcoin have twice hit resistance at $670 (upper green line). Following the greater than 50% move high in only two weeks, the […]
Price continues to move higher, but the breakout is unconvincing. A new high above 6,865.86 would be required to provide confirmation of this trend change at intermediate degree.The target for upwards movement is now 7,345. Click on charts to enlarge.This main wave count expects that FTSE remains within a huge super cycle expanded flat correction. My alternate idea would be […]
Price moved lower as expected. The target was 6,486. Downwards movement reached 6,500 two days ago and has since moved higher. However, a new high above 6,865.86 would be required to provide confirmation of this trend change at intermediate degree.The target for upwards movement is now 7,352. Click on charts to enlarge.This main wave count expects that FTSE remains within […]
I had expected a little more downwards movement to complete a small second wave correction. Price did move lower to complete the correction, but it moved higher first. Downwards movement is finding strong support at the lower edge of the parallel channel as expected.Summary: Upwards momentum should increase. The short term target at 1,297 may be met within about four […]
Yesterday’s analysis expected more downwards movement which is exactly what has happened.Summary: Price should continue to move lower overall with an increase in downwards momentum. The short term target at 1,217 may be met in one day, and the short / mid term target at 1,198 may be about two days away.Click on the charts below to enlarge.Gold is still […]
In last analysis both hourly wave counts expected more upwards movement which is what happened. However, upwards movement was followed by a sharp spike below 1,227.11. The targets were not reached.It is at this point the hourly wave counts diverge. Click on the charts below to enlarge.Gold is still within a large fourth wave correction at primary wave degree which […]
