cloren10

cloren10

Not your financial advisor. I see a square up coming down the the circled area around 2500-2600 - they went up too fast when coming back from the big bad December plunge. I see a small bounce from there once it hits that area because there is pretty decent market acceptance (or, volume/price stability around that trading range historically if you look back to...

cloren10 Updated 

So I think we've dinged the bottom for at least the medium-term for right now. There are some big resistance points coming up here in the mid-50s that have been tested before. I see a pullback, another test of an upwards fib, another pullback, and then a move to $60. $60 is going to be a big resistance level, but typically from a big drop of that much on a...

cloren10 Updated 

Oh boy here 'they' go with the FUD. Elmer FUDD in the house everybody. I've got a fib retracement along an A-B-C formation back to the $130s and then I think we'll see a bounce; they like to go to .5s or .618s on these bounces it seems. It's a precarious market. Trade safe!

cloren10

What if the whole doggone thing was a five-wave up from the mid-to-late 1980s that runs through the 2020s? But what goes up must come down, no? What if climate change becomes severe enough that it insurmountable damage year in and year out to infrastructure and causes a refugee crisis the likes of which has never before been seen? What if the aforementioned...

cloren10

Too many analyses in TV that just make my head spin. I see for the most part where some of these TAs build their basis/assumptions from, but I think it starts getting too complex too quickly. I don't care about the "double inverted triple cheeseburger Lambo 7-wave pattern" that appeared one or two times on a chart that you saw earlier. I'm just going to keep it...

cloren10 Updated 

Either we'll see a breakout sometime soon or its going to crack down that $50 resistance point. This all hinges on what OPEC is going to say, and to a lesser extent, how the markets finish out this week/next week. Trade safe!

cloren10

I've seen this company as somewhat of a dinosaur, it just seems so slow to adapt to change and industry trends. Think the US auto industry a whiles back. Pains me so because I'm from Pittsburgh, but anyways...if you want a domestic US steel stock, go Nucor. I've got in the mid $12s as my target on the way down, as we've broken out of the uptrend that was set a...

cloren10 Updated 

Target is $21 in the short term if it does, if not it'll come back down to the $16-17 area. I see a downtrend continuing in my conjecture, but hey, it's investing. If I was great at this I would've retired by now. Trade safe!

cloren10

Well it hit the $16 a lot sooner than I had expected and then did a nice bounce up to that ~$20 fib level. I've got it continuing the downtrend except I'll give it a 65/35 split that it just straight punches through $16 this time around and goes to $13 before the next bounce (50/50 shot of a bounce) up to $16 again. Then I see a further downward move to...

cloren10

S&P going through a rather minor correction in my opinion from the technical perspective. I think you'll see it come back down to that 1.618 level before we see a resumption of that march to the 3.618. This is just my advice, once it hits that $3,200/3.618 level, I'd get out. That growth from 2008 to now is simply unsustainable. I'll give it until the middle...

cloren10

I've got this one going down to the $7s based on a fib retracement. This one hits the fibs nearly to a T, so just based on a TECHNICAL perspective, I've got NWL hitting that 3.618 down before it starts showing anything resembling a bottom. Obviously, a straight-down scenario to that 2.618 is hard to see; there would have to be slew after slew of bad news and...

cloren10

I'll take it at $11.50. It completed up to the 3.618 and then looks like it stalled. I took the first leg of money down to formulate the downwards pattern (yellow). I've got it hitting somewhere in the $11-12 range before we see a nice little bounce. I think it'll continue the downtrend more likely than not after that though. If you see a buyout, obviously...

cloren10 Updated 

Pretty new to TA, but I've tried to read up as much as I could before actually attempting something like this. I didn't look at the fundamentals, but it's AMD. It isn't going into super-dark times anytime soon in my opinion. On my end, I'm seeing the top where it touches a 3.618. It's going to drop from that point down to about the 1.618 before making a nice...