A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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$XAU/USD (Gold) 8.20.2013
Read MoreMetal has completed a cycle from 1270 and is showing a 3 wave decline from 1385. Therefore, as 1385 holds, we expect another push lower in 3 waves toward 1328 to complete wave (( b )) before metal turns higher again. We don’t like selling the metal into proposed swing lower as the initial decline […]
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$EURGBP (8.19.2013)
Read MorePair has completed a cycle from 0.8731 & 0.8770 highs so expect a recovery in series of 3 waves toward 0.8635 – 0.8667 where pair can find sellers and attempt to resume the decline. Give recovery from 0.8500 low is so far in 3 waves, we don’t like buying the pair into the proposed move […]
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$CL_F (Oil) 8.16.2013
Read MoreOil has bounced strongly after finding support @ equal legs (102.18) and shorter cycles are calling for further strength ahead as long as price is above 105.54 low. Short-term price action is taking the form of a triangle and is valid as price stays above 106.60 low Now you can try the best Elliott Wave […]
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$TNX (10Y yields) 8.15.2013
Read MoreYields have broken higher as we expected but didn’t make a sizeable pull back first. Focus is on 2.89 – 2.908 % to complete wave (( iii )) before we get a corrective wave (( iv )) pull back which we don’t like selling into. We do Elliott wave analysis of 25 instruments in 4 […]