This idea is based on a recent Kitco News Interview with Harry Dent. If are not familiar with Harry, he is an Contrarian Investor and Author. I have respected Harry's opinion, and more times than not, he is on the money. Pun intended. From this interview I put together a chart of the S&P 500 with an attempt to convey his forecasts. He is forecasting an...
Compression Triangle Forming, + Reduced Volume. 95% chance of large market bearish correction, at fib .618 and MA200 confluence. Expect deep correction, possible new low if equal measured move. Or in English, pretty dang good chance that we are going to see another crash very soon, deeper than previous one. Some news event will trigger it in the next few...
Just another pointless prediction, but I am often close to reality. Just experience, or perhaps logical thinking. I took a beating this season. I gave back anything I made in the spring. Why, because I am human, and my bias' clouded my normal logical thinking. I too fell into that death trap. I got out months ago, and bought real estate. I negotiated very...
Kinross (K) is now back in bullish territory with the recent 10/200 EMA Cross over. For Long Term Trend followers, this is great news. And for some may prompt a buy signal. For more aggressive traders, they may have entered down at the 20 EMA Zone, I did and got kicked out on volatility a few weeks later. I will take the 16% or so. I never got another entry...
My observation and opinion; It's clearly a bear party in the pot sector. I hope nobody is surprised because we invited them on Mid October. Some may still be hanging on, holding, and hoping for a turn-around. That has to be stressful. Might want to re-think that strategy. Some may have taken profit and now sitting it out. Some aggressive types may have...
About to dip below 200 day EMA, and Earnings Report in 15 days. The bears are on full charge. Will we see a bounce off of the 35.00 zone? Or will WEED take a further plunge, and become a 20.00 stock.
My Fair Value Theory; My theory is that the blue channel is the "fair price channel" what the company should be worth, according to the market and price action. Anything outside of the channel is fair price plus speculation. The green line represents the average fair value as per how the market views the company at any given time. Note: The 55 Day Dochain...
My Fair Value Theory; My theory is that the blue channel is the "fair price channel" what the company should be worth, according to the market and price action. Anything outside of the channel is fair price plus speculation. The green line represents the average fair value as per how the market views the company at any given time. My opinion (not that it means...
Long-term Trend Following All or Nothing Indicator Designed for use with SP500 or Total Market Index ETFs Best when used on Trending Weekly Charts. by Randal.L.Lyon www.wealthandgrowth.com
Well the pot stocks like these equal measured moves, and that would put us in the 10.75 territory, if this is the top and we are seeing a trend reversal.
Copyright by 4XRandalll v1.2 10/06/2018 5X EMA ohlc4 Trend Follower Revised This indicator provides 5 Exponential Moving Averages. I have tested and found that the ohlc4 provides my best daily average for my purposes. I typically use this indicator with bullish trend channels watching weekly, daily and entries on hourly morning session. Works well on all Time...
We had an anticipated pullback today. Giving me something to work with to calculate my new targets. notes on chart.
We had a great rally today, followed by some nice profit taking. But we appear to have more steam in this engine. Target #2 revised to 14.80.
With this recent test of lows in this current consolidation range, I have revised my Oct 17 / Nov 1st Target to 29.35.
With yesterdays strong pullback, It appears we are in a consolidation range, building up for a push to 12.00 zone. Revised Target 12.00 (Oct 17 - Nov 1)
This trade is my standard go to trade. I watch for a decent pullback to the 60%/40% zone and enter on the morning session open. I am looking for oversold on the RSI Daily and a strong support zone to trade from. I have both. RNW is a strong company and has just purchased 3 more wind farms. Investors may be feeling the pressure of taking on more debt. My...
Playing another round of the pointless prediction game. If; we break the trend line; Then; we could see an equal measured move to the 15.26 zone Nov/Dec profit-taking season. Just some random thoughts to waste your time with. - Mr "I'm turning bullish on pot stocks" Lyon
Let's play another round of the pointless prediction game. If we see another equal measured bullish move ramping up to Oct 17th and Oct/Nov Sell off. We may touch of the median zone (20.30 -21.00 area). And some notes about how I create my trend channels with a modified pitchfork tool.