Fractal777

Fractal777

It's been sometime since we shared an idea on what we know as true money. Gold has been on a tear the last few weeks and especially so in a number of countries including my Australian dollar which hit a record high this week at $2874 and perhaps higher. The massive cup and handle pattern is indicative of what's imminent. Pressure is building on the upper handle,...

Fractal777 Updated 

Wave three down at higher degree is no doubt upon us. Our last idea called for a dream selling opportunity from Friday's close and any rally to be sold, which we got on Monday. Since, has been heavy selling on heavy volume, those on the inside were getting out last week...many more joined the selling as Powell broke any fantasy that a pivot is coming. Thursday's...

Fractal777 Updated 

Support held exactly as thought last week, any solid close below the bottom trendline, will usher in the next selling phase. The bounce or correction on Friday has hurled us towards a target of around 33700ish...any upward move between here and the target is your dream selling zone if not already short. A higher degree wave three down will break support and a...

Fractal777 Updated 

The 13th of December shooting star will go down as the clearest top signal for many years. Our stance has been solid that this was the top and since has been nothing short of meandering indecision from the bulls as to whether the inflation genie would vanish. They pretty much concluded this past week that this monster is going nowhere. Data is consistently...

Fractal777 Updated 

The Dow threatened to break down on Friday and bounce off our lower trend line to close modestly up. This pattern squeeze will resolve itself very soon, inflation data just keeps piling on the pressure for the Fed to keep hiking. They are trapped, raising rates too much will blow up the markets...but these puny rises are not enough to tame the rising costs. Supply...

Fractal777 Updated 

Another week of ups and downs, the Dow has gone nowhere since November. The pennant pattern has formed with indecision as to what way this will break. No amount of goosing or manipulation can stop the inevitable break, our bet is a breakdown of high degree in world markets. This corrective rally is stalling, serious divergences are appearing, participation is...

Fractal777

The Dow finished a volatile week of oscillating price moves almost exactly where it began. Again, the Fed made it very clear that more rate hikes are coming and Friday's payroll number was spit the dummy. Overbought markets and a strong enough job market will never make them pivot. We will witness their u turn when they have collapsed the stocks..not before. A...

Fractal777

Four months of rally and the Dow again touches 34K. The Fed chatter of 25 points rise is priced in, gold is overbought, the market is overbought. 50 point rise would slam gold and markets would selloff. The Fed will do everything possible to appease the masses, but it's a stay of execution. The bear will resume and take control. Davos and the WEF jet set club...

Fractal777

A thumping week down on the Dow as was very likely, many bulls caught on the wrong side and dumped. This twist and turn market fools the most by design...just as the all clear seemed on, slam and smash into a very likely early stage wave three down. Friday looked a positive day and into early this week the Dow should rally some more...this is one of these periods...

Fractal777

The Dow's rally looks almost done, an ascending wedge of the past weeks action and Friday was weak in breadth and volume. 34,500 looks like a reversal area, despite the counter rally the past week, we are in a bear market and until this is proved wrong, we will remain short. Our position is longer term and not trying to scalp or swing trade by a day or two....

Fractal777

Friday's action spooked the shorts and scramble they did to cover. As backward and upside down this world is, any negative news or poor economic situation is a reason to spike stocks...all about the precious rate rises, a total disconnect from reality. This rally has fulfilled enough counter to reverse from here and twist us all again. As long as the rally holds,...

Fractal777

Firstly we wish all our readers on TV a Happy New Year and prosperous 2023! The past year was a tug of war between bulls and bears, the first nine months displaying the opening salvo of the bear market coming. Our long term analysis has not changed, despite major goosing by the Fed since October to rope those hoping for the pivot. Serious inflation is not going...

Fractal777

December the 13th 2022 was the clear signal that this market had exhausted itself. The Fed's goosing flushed out a lot of bears as bulls bought in with both hands. A shooting star candle occurred which we updated as a major top and turn...at last. The Dow has fallen since that fake spike, a move designed to make everyone lose. Now the Dow has lost over 2000...

Fractal777 Updated 

The Dow ended markedly weaker from the previous week. Volume was around or above average throughout. The 30th November produced a fake Fed rally which brought out a few mockers on our long stance. It's expected that even when we warned of such rallies and the bear wanting everyone to lose, just as we get to the brink, it changes. As we have repeatedly stated,...

Fractal777 Updated 

The Dow meandered slightly higher in a holiday week which is usually positive. Our thinking has not changed, markets are very overbought and displaying narrower breadth as the rally is about to terminate. Bear markets seek to shake out everyone, this rally is no different in weeding out the weak shorts. Surprises seem to occur when least expected, a decaying...

Fractal777 Updated 

A week which initially saw the Dow dump on Thursday and reverse and rise on Friday with lighter volume. No conviction either way...there cannot be any further rally with rates rising and tightening money supply, no matter what bogus media spin is leaked. The collapse of FTX reeks of a collaborated and designed spook out of Crypto's. They are now high risk assets...

Fractal777 Updated 

A bad week for the bears as the inflation number has receded so much, the bulls anticipate a Fed pivot. We know that it will take a lot more than this paltry number for the Fed to change direction. A real spanner was thrown admittedly, our down trend line was breached for the first time in this bear market, such a powerful rally was not expected...a mix of buying...

Fractal777 Updated 

Another Fed meeting that failed the bulls, some believe that too many bears equates to a mega rally. The bear wants everyone to lose, just as they believe the worst has past, the market turns on a dime and whipsaws again. Our maximum corrective rally was spot on at 33089, just 14 points off. Our down trend line has held for many months and this weeks rally was...