Sunday, September 11, 2016

Philippine Stock Exchange Index (PSEi) update

This is an update to the previous post on April 21st, 2015.
The Index so far is displaying a perfect count. As from the chart you can see that the Green A and B are complete and the C down has started. This has taken a lot more time than i had envisioned but the target for the C remains the same as the original post ie. 5500-5700


Saturday, July 23, 2016

A Fibonacci observation on $EURUSD

(Wave Red A) The May high 1.1612 to the June low 1.0913 = .0699
(Wave Red B) June Low 1.0913 to End of B wave triangle 1.1164 
(Wave Red C expected) End Wave B June high 1.1164 - .0699 = 1.0465 2015 March Low 
1:1 Price Symmetry

Thursday, June 2, 2016

Apple: More downside coming

Since the $AAPL top-call back in February 2015, Apple has tanked 22%.
The market traced the 4,5,4,5 patter that i indicated, to finally top on July 20 from a count perspective. April 28th marked the all time high but as per the count i will use the July 20th for the start of the bearish count.

Since the top, it seems like we could be unfolding either of 2 patterns both bearish.
1. A and B is complete with a 1-2 of C complete and 3-4-5 pending.
2. ABC X AB complete with a C pending.(not shown on the chart)




Either way prices should fall below the $80 level or maybe even to the $68 level.