Bank of America corporation ticker symbol: BAC short-term Elliott wave analysis suggests that a decline to $27.26 low ended intermediate wave (3). The internals of that decline unfolded in 5 waves impulse structure in lesser degree cycles. Up from there a 3 wave bounce to $29.19 high ended intermediate wave (4) as double three structure. […]

“What goes up must come down.” – Sir Isaac Newton It was widely reported this week that Amazon (AMZN) founder, Jeff Bezos, lost roughly $45 Billion dollars in net worth during the October stock market selloff as shares of AMZN cratered from all-time highs set on 9/4/2018 at $2,050.50/share to the most recent low of […]

After just getting stopped out in CHK for no loss, why are we buying again? I am of the firm belief that if you only traded based on the media drive-by observations of any particular stock you would be hard pressed to know what to do most of the time. For example, how many times […]

Hello fellow traders. In this technical blog we’re going to take a quick look at the charts of Facebook. As our members know, early in October, Facebook has incomplete sequences in the cycle from the July 2018 peak. The Stock was still missing another swing down to complete proposed pattern. Consequently , we expected Facebook […]