Dopam

Dopam

We are a bit overbought near term. Long term bitcoin will see 1k before summer of 2014. Lots of talk about Bitcoin ETF.

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Short Twitter. People saw the missleading headline ... TWTR up 74%. The crowd called there broker and sent the buy TWTR orders for first thing tomorrow morning.

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EUR/USD Chart. So far the V/C&H pattern has broken out twice, and with a possibility of a third, in each subsequent fibonacci time zones. Zone 89 could be very critical. If the zone 89 displays the price as stabilzed, we might have to wait much longer to Zone 144 before deciding who wins this battle. A breakout above the next vertical fib, 2.618 + $1.2772,...

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Pattern shaped up to be very bullish and has moved through each fib time zone with new highs. If the trade moves any higher it could trigger a short squeeze. If it breaks, shorts can rest asure and ring the register on a later date.

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Head and Shoulders reversal pattern is made up of a left shoulder, a head, a right shoulder, and a neckline.

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The Elliott wave principle is a form of technical analysis that some traders use to analyze financial market cycles and forecast market trends by identifying extremes. Apple shares have moved through all 5 wave phases of Elliott's Waves. We are now in the corrective A-B-C backside of the 5 wave bullish cycle. Apple's tsunami bubble has popped.

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3 Wave 7 Count Maximum Correction - Once you start borrowing decades to preserve the present, you know you are in trouble. To stop borrowing would be most troublesome, and would create something never seen in our modern ecomonic period. "A bear market of Grand Supercycle scale should be of sufficient magnitude to be accompanied by a severe economic recession....

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OBV attempts to detect when a financial instrument (stock, bond, etc.) is being accumulated by a large number of buyers or sold by many sellers. Traders will use an upward sloping OBV to confirm an uptrend, while a downward sloping OBV is used to confirm a downtrend. Finding a downward sloping OBV while the price of an asset is trending upward can be used to...

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Apple stock pattern shaping up

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This is getting ugly for Apple shareholders and it might get worse before it get's better. Posted three positions

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Both Gold and Silver traded much higer before we reached the US debt ceiling in 2011. Again early next year we face this crisis. Congress will vote on rasing the debt ceiling sometime before March of next year. Gold and Silver traders are anticipating this move. However, with risk off and the US markets and Europe recession in play, the market fired back....

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Looking for the gap to fill and resistance to be met rather quickly.

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Cirrus Logic is a semiconductor company that develops signal processing integrated circuits for audio and energy markets. This company gets over half of its revenue from Apple and is a key component maker for the iPhone5. The stock reacted negatively to this positive earnings news as the company said it expects its revenue for its March quarter to be down 15...