Tag Archives: Trading newsletter

TR swing pattern portends price advance in British pound. [chart]

The long-term bearish reaction cycle ended on  the March 2 reversal swing date at the projected target objective. Then the market moved into a sideways consolidation pattern and formed a bullish TR swing pattern. This pattern typically appears at major tops and bottoms and can precede a major trend shift.  Currently the market is setting… read more

Crude oil breaks resistance and continues bullish cycle.

After testing resistance at the junction where the descending reaction line (red line) and the ascending median (center blue line) three times, Crude broke through on Friday.  A solid close above the median line should portend a rally to test the prior high at 84.95. The cycle remains bullish until the March 10 reversal swing… read more

British pound completes bearish cycle, due for rebound. [chart]

Based on the 12/29 – 1/19 A-B-C continuation pattern, the Brithis pound has completed the reaction cycle and is due for a corrective rebound or begin a consolidation period. The pound reached the lower reaction line target objective, one day before the final reversal date (projected for March 2, by the reverse/forward count). The lower parallel line… read more

Gold confirms bullish reaction swing, ready to run!

Gold traded above the pivot high, confirming the bullish action swing and a TC pattern.  Confirmation of the TC pattern portends a upward swing to the test the prior high of $1166.00 for the short-term, with a longer-term target objective at $1220.00 or higher. I will keep you updated with stop movements in the TMV Swing trading… read more

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