Tag Archives: Action/Reaction

May Sugar reaches target objective! [chart]

Sugar completed a bearish TR pattern after the (D) pivot high was confirmed inside the 60% sell window on February 16. (See February 17th issue of TMV Swing Trading Report)  The sell signal at 26.05 was triggered the following day. The reverse/forward count projected the future reversal date for February 24 (marked on chart) with a target… read more

Is this the high for the Dollar index? [chart]

In the last issue of the Traders Market Views  (February 19, 2010) I talked about the triple top formation that had formed in the dollar indiex over the past several days. The pattern formed at the end of the cycle, but  just below the reaction line target objective. I said the market should tade above the triple… read more

Corrective bounce over in T-Bonds, major selling opportunity. [chart]

Foreign holdings of U.S. treasuries fell by a whopping $53 billion in December, the largest amount ever. the rconrd drop should be considered a leading indicator that the government might have to pay higher interest rates on its debt to continue to attract investors. This was weighing on the market today, as it traded below the prior pivot… read more

Is this a major selling opportunity for the Japanese Yen? [chart]

The recent corrective rally ended on the February 4th reversal date, but fell shy of reaching the 60% sell window. After the reversal date, the yen resumed the downward trend and has closed below the 20- day SMA. After testing the upper parallel line on February 16th, yen closed sharply lower, leaving good seperation, suggesting… read more

Reversal swing date projected recent high for Yen. [chart]

The March Japanese yen has just completed a 5-wave continuation pattern, inside the longer-term downward trend. This type of pattern in a mid-trend pattern and suggests downward trend should continue over the long-term, but right now I want to talk about the 5-wave pattern just completed.  The upward swing began on December 31, after a failed swing pattern formed… read more

Long N-gas – re-enter long position after report. [chart]

The TMV Swing trade report was long the N-gas, based off the 5-wave continuation pattern, with the stop loss at 5.220. The N-gas stocks report was released mid session and caused wild intra-day swings in he market. The N-gas dropped to a low of 5.204 as soon as the report was released. From here, the… read more

Is N-gas setting up for a major price move? [chart]

N-gas has completed a 5-wave contiuuation pattern. This pattern typically forms in the center of a longer-term trend. (I describe this pattern on page 158 in “Unlocking Wealth, Secret to Market Timing). This would suggest N-gas is at the beginning of a new upward swing that could equal or surpass the price swing from December… read more

Wheat rallies on projected reversal swing date! [chart]

Wheat reached the reaction line on the February 3rd reversal swing date. The support held and Wheat reversed and climbed back to the descending median line as it approached the February 10 reversal swing date.  At this point the market accelerated and broke above the median line and the 20-day SMA. This represents the end of… read more