Seeking Alpha

rdulep's  Instablog

Send Message
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
My company:
My blog:
FXA USA Market Analyses
View rdulep's Instablogs on:
  • 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!
  • Dollar-Yen Back At Recession Levels

    The Yen strengthened against the Dollar again reaching as far back as 08 recession levels. Its 2nd scalar top is pegged at equilibrium 100. This retracement target, according to its history, has more than 50% probability. SEE CHART HERE.

    Sep 19 11:11 AM | Link | Comment!
Full index of posts »


More »

Latest Comments

Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.