November 19, 2013 - I see wolfewave patterns on daily/weekly charts of S&P, Midcaps, and Wilshire indicies.
November 5, 2008 - The markets have rebounded, and the 1929 playbook served as a great roadmap in the middle of this financial hurricane. Bear market rallies are indeed a wonder to behold. This next trend change will most likely put 'bling' in the backseat as everyone resets future expectations. Oct 12, 2008 - A complete market washout and the volatility index (VIX) spikes above 75, foreign exchanges showing signs of cash repatriation - the trader's opportunity of a lifetime. Since we are now retesting the 2003 lows, I have added a third timeframe - monthly - in order to understand the price levels being tested. Use the chart settings menu to customize your display.
Jan 15, 2008 - Amazing how close the current day Chinese 2008 market is to fulfilling the Nasdaq 2000 pattern. Gold (GLD) today reached the ascending triangle triangle target of $900 after consolidating around the 1980's $800 level on the weekly chart. Earnings suprises are reverberating throughout the subprime lending market as banks fight against the tidal wave of writedowns. The Japanese Yen (JYZ8) continues to lift, causing ripples throughout the foreign exchange market as the carrry trade is unwound. August 16, 2007 - the Japanese Yen produced a solid downtrend channel breakout today. This is the second domino to fall in the global financial leveraging scheme.
The markets are a boundless venue in which to participate, a rather magical virtual world of creatures most commonly expressed in the metaphorical terms of bull and bear. Why these two? Most argue that it refers to each other's attack position: the bull charges, gorges, and lifts his victim; the bear rises on her two hind feet and strikes from above. A true battle - perhaps an expression of the emotional ferociousness and clash of convictions. Just like the tides, they slosh back and forth between joy and despair with various degrees of subtleness, a game of deception with each participant loudly voicing their opinion in an attempt to influence others and satisfy hidden agendas.
I prefer to view the action as a series of waves, cycles, or reality checks. The markets are, in effect, a dance partner which leads the trader according to the market rhythm into a funky hip-hop, a snappy tango, or thrashing chaos of a mosh pit. My approach to winning this game is based on charts and technical analysis - perhaps the only way to assess the true dynamics and interactions of the millions of participants that put prices into motion almost every day. I focus on such tools as Wolfewaves, bullish percentages, investor sentiment, Elliott waves, pattern setups, Fibonacci retraces, cyclical behavior, planetary aspects, breakouts/breakdowns, marketmaker games, and options efficiency to explain my perspective and provide a sound basis for individual trades. I also rely on the advice and insight of trusted advisors far more knowledgeable than myself.
~~ voodoo ~~