Note: only six charter memberships are left as of EOD Thursday. I’ll keep this going until they’re gone. Congratulations to E.J., P.B. and T.J. for locking in today’s annual rate for the life of the site. * * * * * * * * Well, we got the rebound we were expecting…although it was a … continue reading →
Monthly Archives: June 2012
Note: only six charter memberships are left as of EOD Thursday. I’ll keep this going until they’re gone. Congratulations to E.J., P.B. and T.J. for locking in today’s annual rate for the life of the site! ORIGINAL POST: 10:30 AM It’s a real crapfest on the headlines front: JPMChase is likely facing a trading loss … continue reading →
While many others are dissecting the tussle in Brussels for hints as to the union’s future, I thought it would be a good time to revisit the euro’s chart. Our last forecast [June 10: Currents, See?] forecast a run up to 1.28ish by June 15, followed by a dip to 1.25 and return to 1.2875 … continue reading →
The market continues to follow our forecast nicely. Recall we sold our longs and went short at 1330 on Monday’s opening, only to cover and go long later in the day at 1315 [see: Channel Watch]. Now, we’re back to 1332 and still long — as long as the channel holds. It’s been a wild … continue reading →
I haven’t traditionally followed the FTSE-100, having found plenty of ways to lose money in markets closer to home over the years. But, at the urging of several members who have promised to go easy on me as I get up to speed, I’ve been taking a crack at it. I trade and chart on … continue reading →
The new website is off to a terrific start. I’m happy to report that we were up 34.87% versus a negative 4.15% for the S&P 500 over our first three months (details here.) I’m told that if we were a hedge fund, this would have placed us in the top 3%. I’m also excited to … continue reading →
Periodically, I like to go through and chart the various harmonic scenarios for both the upside and downside. It helps to pass the time while sitting and staring at the computer monitor, watching our forecast play out (so far, so good.) It’s also helpful in generating a set of potential outcomes for the market over … continue reading →
ORIGINAL POST: 9:25 AM We’ve been studying a growing channel on SPX since 1266. If this morning’s futures action carries through into the opening and takes prices out of the channel, I’ll consider dumping our longs. Here’s what I’m watching: It’s a little early to say, but the SPX channel might also morph into a … continue reading →
I had dinner with one of our members the other day and got what I think is some great advice: explain how one might best use pebblewriter.com. General Orientation First, I believe in market timing. While certainly not definitive proof, our performance over the past three months makes a good argument. A hypothetical, unleveraged portfolio … continue reading →
I have no inside information, no best friend in the Fed, no hotline to Cramer. I’m as surprised as anyone that we keep closing within a few pennies of our forecast. I mean, I believe in harmonics and chart patterns and technical analysis — overlayed with common sense. And, I (usually) know when to bail … continue reading →