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Independent Trader at FXA USA. Graduate of De La Salle University with a Bachelor of Science degree in Commerce, Major in Business Management. High School graduate of Don Bosco Technical Institute with an elective technical degree in Electronics Technology. Past employers include Security Bank... More
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  • $WMT Is Cheap!

    Pun intended! Indeed the retail behemoth is in its sixth, yes, 6TH (with 5 of them confirmed) scalar retracement level on the 2-point scale. High probability to retrace back to 64 then 72 on the mid to long-term outlook. 73, coincidentally, is the 50% level for good ol' Fibo. Check it out! See chart here:

    $WMT is cheap

    Nov 18 2:05 AM | Link | Comment!
  • Dow 30 Highhhh... The Sequel

    The 17,000 target on the sell-side, which is the 4th consecutive 100-scalar point on the Dow, still remains a viable number for shorts. Based on the following chart, the probability of it happening, compared to other scalar points (17,200 and above) which have been retraced, is high - a 10 to 5 odds (with 1 being the 17,400 target which happened at the end of January). A quick fibo look (with regards to the attached chart) also places the 17,000 target around the 50% range. Another suspense from the industrials indeed. But this time, with the Apple (NASDAQ:AAPL) connection. SEE CHART HERE.

    Dow 30

    Apr 01 2:56 AM | Link | Comment!
  • Dow 30... High, Higher, Highest, Highestest...

    A very, very, very, very... rare event on the 100-point scale on the Dow has happened - not one, not two, but six, yes... SIX scalar points have been created. This means that a very high probability of short-term correction is at hand... AGAIN! Shorts would be looking at the 17K target to a second target of 16,600. Coincidentally, 16,6 is also the 61.8 fibo short-term retracement level for the Dow - coincidence or fate? SEE CHART HERE.

    Dec 02 3:50 AM | Link | Comment!
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