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$USDJPY: A look at shorter and mid-term cycles
Read MoreUSDJPY remains in a sideways consolidation with a bullish bias. This sideways consolidation can play out in a number of different ways as far as Elliott wave patterns go but strategy remains to look to buy the dips rather than selling rallies. Timing cycles are calling for a low on 10.4.2013 [jwplayer mediaid=”115138″]
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$CL_F (US Oil) 9.23.2013
Read MorePreferred view suggests price action from 106.40 – 109.00 was FLAT wave (( b )) and Oil is currently trading lower in wave (( c )) toward 102.58 (equal legs) target which would complete cycle from 110.70 and 112.25 highs and result in a bounce higher. We don’t like chasing weakness at current levels as […]
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$CL_F (US Oil) 9.20.2013
Read MoreOil’s bounce in wave B has completed at 109 thus we expect prices to trade lower to complete a cycle from 112.25 high. Expect a pull back toward 107.21 – 107.63 and more downside toward 102.70 area. Hourly cycles remain negative and hence we don’t like buying Oil at current levels. If you would like […]
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$TNX: 10Y yields (9.19.2013)
Read MoreYields are trading lower in wave C of ( 4 ) and need 3 swings lower from wave B high so after a pull back expect more weakness toward 2.56% to complete wave ( 4 ) before yields turn higher again. Hourly cycles remain positive so we don’t like selling the yields. Strategy remains to […]