fredpui

fredpui Updated 

Gold just retraced back up to 50% as predicted and seems to be on the downpath again. Target 1 : 1695 Target 2 : 1680 Target 3 : 1600

fredpui Updated 

As per my last analysis, baba has dropped as forecast. Not many agree with my analysis as there is still much love out there for baba, claiming it's very attractive p/e wise, buy the dips etc. i have personally shorted baba 3 times in the last month. as long as baba doesnt close above 153, it will drop more and my target is still 127.50 Comments are welcome !!!

fredpui Updated 

USD has been rallying since end of May 2021 until recently (end of Aug) Could the top end of Aug be a false break ? It seems 0.8400 is a strong support level for USDEUR. I am expecting the pair to sideways between 0.84 and 0.853 Lets watch and see... a higher USD will most likely cause gold price to drop. I am still bearish on Gold.

fredpui

aMAZON filled the gap recently and has proceeded on the downside. doing a time count, the down wave took 38 days, and 19 days up to the .375 level. it took half of time for the retracement. Retracement levels: Gann used 1/3 and 1/8 and the same is applied on my charts. Target 2951 around mid Oct

fredpui Updated 

As for my 100th post, my long term target is 16750 I'm keeping this short and simple

fredpui Updated 

Patience is required for GOLD. The drop came .. the 90, 60, 45 and 30 days cycle works like a charm for gold and usually you expect a turn on this monthly cycles. Gold should retrace up a bit to around 1780 then back down again .. my target is 1680 then 1600 hopefully.

fredpui Updated 

Sep 7 - after the labor day weekend, gold just dropped 2% which is a quite a significant drop. Seems 1833 is a resistance level for gold, and as you see this price level is well respected back in July and early August. I wont go too much on the time count and the drop has come a bit later than i expected. Next target 1757

fredpui

Uranium being the most efficient clean energy source, recently gone on a bullish rally. Looking at the weekly chart, 221 days up and 74 days down right on 50% retracement. 74 being 1/3 of 221 days. This is perfect time and price harmony. Volume is huge in the last few weeks. Very bullish on uranium

fredpui Updated 

The recent bloodbath in Chinese stocks has taken a toll on many shareholders. Have we seen the bottom for a stock like baba ? in my opinion, not yet. Doing a quick time count analysis, the down leg took 19 days and the retracement up to 50% (perfect time and price set up) took 10 days (which is ~50% of the time down). 50% price retracement and 50% of time....

fredpui

An updated review on TLT - it has been going sideways for the last 2 months and where is it going ? My forecast is - downside has a higher probability. Wave 1 took about 224 days down and the retracement up to 50% took 124 days. This seems like the perfect setup for a short. Michael Burry also predicted the crash of TLT. lets see how this pans out.

fredpui

With the recent jump in uranium price and many people are jumping on uranium stocks and a bit of FOMO is going on at the moment. Surely uranium has a bright future ahead being a efficient and reliable clean energy source, but is this a good buying point ? zooming out, yes uranium is above it's 6 years high back in 2015 , but if you look closely, it is very...

fredpui Updated 

Using Gann time analysis, afterpay should drop from here (Aug 6). Aug 7 being a Gann seasonal date, usually this date calls a turning point. Since Aug 7 is a saturday and non trading day, the turn normally takes place 1 trading day before or after the weekend. Counting 42 days up and another 43 days we comes to another top on Aug 6. Gann says that tops and...

fredpui Updated 

USDx works on the 30 degrees cycle quite well. Note the dates marked on the chart. As on Aug 31, it bounced off the support level at 92.40 which happened to be the resistance on June 18. Incidentally92.40 is also the 0.33 retracement level. I am expecting to see USD heading higher from here. Where will see gold if USD heads higher? my view is still...

fredpui Updated 

After picking the turns correctly on some dates, Aug 25 turned out to be a short term top (or a turning point) but this was shortlived. The market turned down for a day and with the Jackson Hole meeting, it proceeded it's bullish path (as predicted) much quicker than anticipated. Right now it is above the way above the Aug 25 top. Aug 31 is still a key date...

fredpui Updated 

This is just for fun and i can't guarantee if the timing will be correct. But surely spx is back on the bull train and it will be interesting to see how far up spx will head to. My next target is 4617 but i'm not sure when it will get there. but here is the time forecast for the next few days. spx makes a minor top on aug 25 and retrace until aug 31 then...

fredpui

XLE is in line with Crude (refer to my previous post. Price is now siting above MA200 and EMA9 and just touched MA20 on Aug 24 before retrace down a bit. Keep an eye on this one

fredpui Updated 

Following my last post on Crude, i am showing the weekly chart of the Thompson Commodity CRB index. Right now its sitting at around 206.95. The old saying "Old Top becomes New Bottom" could be a valid case here. Crude oil is the largest constituent in the CRB index and it affect the price greatly. Follows by Hard then Soft metals (except gold). So my...

fredpui Updated 

Aug 20 - calling this a potential bottom From the top on July 6 until Aug 20, its a total of 45 days (crude oil turns on 45 days quite often). The ABC correction comes in 3 waves and you can see the A and C waves are almost equal in price and both range are in multiples of 7 days (14=7*2, 21=7*3). This bottom around 61.55 is also the bottom held May 21 (key...