In our November 2015 update [see: Update on EURUSD], we noted that EURUSD had reached a potential bottom at 1.0592. Today, EURUSD reached a key technical level, completing a Bat Pattern that should see it rebound strongly. We’ve been anticipating this day ever since DX broke out three weeks ago. It bumped along for 8 … continue reading →
Monthly Archives: February 2016
After a couple of months of less than normal manipulation, February has been an exercise in just how far TPTB can/will go in propping up prices. The chief culprit has been CL, which came within a few pennies of our ridiculous upside target Friday. It ramped again off its overnight lows (+3.7% in 5 hours) … continue reading →
We left off yesterday with a rather bullish forecast through the end of the month based on CL and USDJPY continuing to push higher. They both have, and futures have responded in kind. Note that CL exceeded the Feb 18 highs, invalidating a significant downside Fib Pattern, and will do the same to Jan 28’s … continue reading →
SPX plunged to just past our 1897 target yesterday, putting in a massive reversal that left it green on the day. The reason, as most now recognize, was the 6% spike in CL. We’ve been writing about this a lot lately [see: Manipulation Becoming Laughably Obvious.] But, of course, it’s no laughing matter. The stock … continue reading →
Last call for our latest membership promotion. Charter Annual memberships are available for half-price. Best of all, your cost will never increase for the life of the site. For details and to sign up, click HERE. * * * * * Much has happened since our bottom call on Feb 11. USDJPY shot up from … continue reading →
Without a doubt, there were plenty of fundamental reasons for oil to crash. For an excellent summary, check out Jesse Colombo’s June 9, 2014 (as in you had ample warning) article HERE. I’m also fond of the notion that it had a lot to do with the yen carry trade [what’s this?] In order to … continue reading →
The next time someone tells you that the price of oil has nothing to do with the stock market, tell them that they’re dead wrong on two counts: 1. propping up CL is all it takes to prop up stocks; 2. given #1, the stock market can hardly be considered a “market.” We started writing … continue reading →
Final 24 hours for our membership promotion… If you’re tired of taking cues from perpetually bullish talking heads, this is a great time to take the plunge. Volatility is high, and we’re racking up some great results [see: HERE.] Pebblewriter.com has provided uncannily accurate market guidance since our first post on May 2, 2011 where … continue reading →
Last 48 hours of our Charter Annual Membership promotion — 1/2 off and no increases ever. Details and Sign Up HERE. … continue reading →
Final 48 hours for our membership promotion… If you’re tired of taking cues from the clueless talking heads, this is a great time to take the plunge. Volatility is high, and we’re racking up some great results [see: HERE.] Pebblewriter.com has provided uncannily accurate market guidance since our first post on May 2, 2011 where … continue reading →