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A reader asked if I have any price targets for bitcoin. In my last (and only) post about bitcoin: What will replace bitcoin?, I pointed out how an unlimited number of different cryptocurrencies can be created. Then what is their value? There is now actually a service that lets you do just that: Coingen. Of…
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Key reversal levels for next week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,263.41 3,903.20 6.03 59 38.01 S&P 500 1,836.25 1,766.65 2.27 64 29.65 Nikkei 14,865.67 15,239.04 -1.45 2 1.49 FTSE 100 6,838.10 6,554.90 0.42 0 0.00 DAX 9,656.95 9,056.11 3.64 32 17.23 Bonds (TLT) 106.67 104.84 2.86 4 -0.51…
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Latest daily key reversal levels: (Legend: Mode : green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | W: weekly mode | for more details about these key levels, see: https://lunatictrader.wordpress.com/key-reversal-levels/ ) Comments: * Today we…
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Stock markets didn’t look back last week, and some indexes have already recovered their January losses. With a lunar green period set to start this week the rally is likely to carry on into March. Let’s have a look at the Nasdaq chart (click for larger image): All my technical indicators bottomed out last week…
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Key reversal levels for next week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,244.02 3,887.92 5.84 58 37.38 S&P 500 1,838.63 1,762.35 2.22 63 29.82 Nikkei 14,313.03 15,278.16 -0.10 1 -2.29 FTSE 100 6,663.60 6,694.57 0.18 2 2.35 DAX 9,662.40 9,029.39 3.71 31 17.29 Bonds (TLT) 106.58 104.74 2.49 3 -0.60…
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Latest daily key reversal levels: (Legend: Mode : green = bullish, pale green = weak bullish – may have peaked, red = bearish, pink = mildly bearish – may have bottomed | Key: key reversal level | W: weekly mode | for more details about these key levels, see: https://lunatictrader.wordpress.com/key-reversal-levels/ ) Comments: * S&P 500,…
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As an investor it is quite important to realize how reliable our methods or indicators are. If we don’t know the limitations of our tools, then how are we going to use them well? Some readers may be surprised to know that I have never more than 60% confidence in any of my methods, cycles,…
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Key reversal levels for next week: Weekly Current Mode Key (W) MoM (W) Weeks % Ch. Nasdaq 4,125.86 3,876.75 6.02 57 33.56 S&P 500 1,797.02 1,760.02 2.74 62 26.88 Nikkei 14,462.41 15,325.40 1.95 0 0.00 FTSE 100 6,571.70 6,692.66 0.58 1 0.94 DAX 9,301.92 9,013.68 4.02 30 12.92 Bonds (TLT) 106.79 104.65 1.86 2 -0.40…
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Latest daily key reversal levels: 6/02/2014 Current W Mode Key (D) MoM (D) Days % Ch. Str. # Nasdaq 4,057.12 4,122.65 -6.43 9 -1.82 7 S&P 500 1,773.43 1,803.48 -8.04 9 -0.98 24 Nikkei 14,155.12 15,307.46 -9.20 9 -6.20 7 FTSE 100 6,558.30 6,642.36 -8.08 9 -1.58 28 DAX 9,256.58 9,418.98 -6.34 9 -1.41 7…
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Latest daily key reversal levels: 2/4/2014 Current W Mode Key (D) MoM (D) Days % Ch. Str. # Nasdaq 4,031.52 4,141.25 -5.60 7 -2.44 7 S&P 500 1,755.20 1,811.33 -8.05 7 -2.00 7 Nikkei 14,008.47 15,486.54 -8.38 7 -7.18 7 FTSE 100 6,449.30 6,666.84 -8.34 7 -3.22 11 DAX 9,127.91 9,470.66 -5.67 7 -2.78 7…