Fractal777

Fractal777

Our last idea proved profitable for a short on a market that had moved too fast. The decline was on weaker volume and weaker down candles...we take what we can. The final C up is likely in progress and may even top within a week. We do not believe new highs will eventuate as this market truncates around 35150. Never ending buy the dips will end, a multi-decade...

Fractal777

A quick idea. The Dow has retraced 61.8% in futures. Our target area from our last idea has been met at around 35500. Either wave C up in an ABC has concluded or this is just wave A up concluded to be followed by B down. Will say that over 2000 points has zoomed up in only a few days, shorting now is much lower risk. Good trading!

Fractal777

Our last idea called for some form of exhaustion bottom to complete the first wave down. The huge drop and following spike is almost always a true signal of the intent coming. Volatility was not for the faint hearted, swings of such magnitude can blow up an over leveraged account. Repeated buying tails formed as the buy the dip crowd moved in, more buying likely...

Fractal777 Updated 

The past week has delivered an early taste of bear honey, before you get too high on sugar...remember what these bulls can create rather quickly. Probable declines are likely tomorrow in futures and some form of exhaustion decline developing this week. This bull market is likely finished and has topped out, a bounce of wave E up is likely into early February to...

Fractal777

Next week will be pivotal in the near future price action. Today's selling was stopped on our trend line as expected and bounced fairly strongly. This suggests a probable bounce or the start of the last leg up...heard this before! Bears are totally frustrated or have blown up their accounts attempting to sell this obvious con. We try and trade the clear sell...

Fractal777 Updated 

We have two scenarios that the markets can take in the next days and weeks ahead. Firstly, we have what looks like and ABC down move finishing it's A down today and B up underway. Then C down to bounce off the upward trend line...this to followed by the very final and terminal wave E up to conclude decades of bull market mania. Now these markets may have already...

Fractal777 Updated 

What seemed probable has yet again defied the bears. A likely wave 3 down has been shot down and buried. Clearly, the market want to rise in the face of defiance and ignores rational thought. Volume has been low the past days but the bulls are back, looks very much like a five wave up is in progress with wave 3 up just completing now or has done with today's...

Fractal777 Updated 

Markets this week have gyrated to twist both bulls and bears. Very often at major market tops, we see a large spike in volatility, firstly the bears short covering like Wednesday...those most pessimistic are forced to buy as prices rally hard and fast. The Fed's goosing at it's best. Then Thursday's falls are followed through with today's red candle....whipsawing...

Fractal777 Updated 

Today's price action was bearish in that selling accelerated into the close with rising volume...note the engulfing candle! The wave 2 corrective retracement has hit our 0.786 almost exactly. Either today was the bulls best opportunity to exit at the highest prices or a low probability of one more minor rally to complete. The days selling candle has touched the...

Fractal777

Our last idea mentioned violent swings can shatter an over leveraged trader and bulls and bears get whipsawed into covering...shorts covered big time since yesterday. What appeared a wave five down to bottom had already finished on the 1st Dec and a wave two up since has rocketed the markets to reclaim almost 2000 points on the Dow! We now sit at an important...

Fractal777

They say that history does not repeat but it rhymes, we don't discard the embedded wisdom, but we expand it's value....it's unmistakable. Markets are gyrating volatility as bulls and bears get whipsawed into covering. Highest probability is for further declines this week to finish off the first wave 1 down with a wave 5 down, then a bottom to be followed with the...

Fractal777 Updated 

A move above $25 has not resulted in a continuation and instead has been hammered down to our trend line. This could well be the optimum area to accumulate more silver in front running the coming rally. The Dow today created a fourth Hindenburg omen...four days consecutive and dangerous. It is just a matter of time before these indices top out, perhaps a rally...

Fractal777

At long last the bears had a great day today as the Cabal smashed down the markets covertly. Waiting until "Black Friday" to pull the trigger. Today's tide change was blamed on a "heavily mutated variant" and caught out some of the swimmers too exposed for comfort. Their economic recovery is a charade, they want a collapse and will use every excuse to blame the...

Fractal777

Silver continues it's rally after a small pullback. The early bird can get the worm they say, is this the start of a bigger move? We know the downtrend has been broken, if $25 can be breached...it's all green. An article from Barron's Lisa Bellifuss last week stated "Policy makers have been puzzled by low labor-market participation, despite the expiration of...

Fractal777

Silver broke out of it's downtrend since May with a decisive rally today. Long suffering silver bulls have endured 13 months of sideways/down price manipulation. Often days like today are an excellent indication of an early signal to accumulate for the coming price rally. We have been bearish on the Dow and yet again been proved wrong by the bulls. Some talk of...

Fractal777 Updated 

Bullish perma bears are the classic sell signal at cycle ends. After 18 months of wrong bearish ideas, turning bullish at the very top, quite astonishing. Today's action will wind up and complete an ABC counter move either tomorrow or Monday. Bear markets destroy bulls and bears, that's their function...sucking in those who capitulate at the wrong time....few...

Fractal777

Bulls attempted to shake out the shorts this week, this is how bear markets function. 1500 points from the low to the high, but this does not faze us in the least...we have been short for weeks and stay so. Powerful bear rallies have one main purpose, pressure the bear. They also suck in the last bulls..the very last. Prepare for a plunge to hit very soon,...

Fractal777

Almost every bear market has similar characteristics, firstly denial that the markets have topped. Secondly, the bull trap that sucks in those very late to the party who now double up their bets in the hope of getting out even. Then the fear hits in waves of selling, capitulation through forced liquidations. Today we sit in the bull trap zone, the rally today...