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Clones

Dow: Buy the dip and hold!As predicted in my last dow chart, it has had some trouble just below 27000. However it seems to have reacted the same as the bullish clone so I am buying up stocks again. I see this as being the cheapest stocks will be all year and a perfect time to buy, although I see it as 50/50 weather we make a lower low before heading up. Dow is going up to the moon before crashing back down and I intend to profit from both. People never learn, clones are king :p
DJ:DJILong
by JamesRkaye
12
Happy new year! Another year of the trump bubble.Tops of all crashes since 1987 have all topped at fibonachi time ratios. The next one is not until the end of 2019 so 2018 will be another good year to be bullish on the DOW. the main risk will be the 27000 resistance so you could take profit there and waiting for a breakout before buying up again (see another chart on my account for bearish view from 27000). The clone also seems to line up very nicely on the chart and obeys the time and price fib levels, use it as a guide. The elliott wave count suggests that this is the final wave, but since waves 1 and 3 were not extended then wave 5 should be extended. The final take profit will be at around 50,000 (probably sooner) but that will not happen for a few years. Keep buying pullbacks and adding to your position until you are driving a Lamborghini on the moon... and be aware that this could crash big when it does end because we are buying into a bubble, so be careful.
DJ:DJILong
by JamesRkaye
2
DXY Feedback LoopDXYs lengthy correction seems to be entirely made by taking the previous trend and mirroring it with making slight alterations each time, if this continues to be the case we should expect a reversal to the upside within the next month in accordance with this clone from the previous bull run, By using the mirror of the current bear trend we would expect this to rise 10% by the first few months of 2018, possible entries are at the green arrows (or soon if you are feeling brave).
TVC:DXYLong
by JamesRkaye
6
Goodyear Tires Weekly Clone Levels My attempt at using Clone Levels on GT. There is a bearish Butterfly as well 2 bearish AB=CD patterns completing at the top of the range which may be a nice opportunity to short (and especially if SPX is to have a pullback as many on here seem to think). Weekly RSI is almost overbought as well. The targets of this pattern as well as the larger clone levels will be areas of interest for me to then long. I also want to sincerely thank @GcNaif for all of his help in educating us on Clone Levels (although he has no clue about this idea so I am not trying to say he endorses it -- I just appreciate his posts regarding it). I hope my understanding of them is accurate!
NASDAQ:GT
by SharkbaitAl
Loonie TunesHope it drops sooner, this is just a simple clonage within this long term channel. Fundamental factors to consider, oil dropping further, BOC lowering interest rates this week, could wick out to 1.48. US bad data last minute revised GDP after market closed last Friday 1/15, if USD starts dropping this pair could just go sideways for a few weeks. The risk for loan defaults for the shale industry due to low oil prices are very high and has the Fed's attention, supposedly they have removed the mark to market rule for energy assets last Friday 1/15, allowing for these companies and banks to adjust their balance sheets accordingly so their borrowing bases do not cross below their existing debt. A similar situation occurred in 2008 onward with MBS, with the housing industry, allowing for home loans mark to market requirement to be removed, instantly making everything ok on paper (assets revalued back to date of origination instead of current market price) The point being, their could be a program similar to QE solving all of these energy companies, banks and sovereigns currencies problems with more money printing and purchasing oil futures and similar assets like energy stocks, such as the case with Mortgage Backed Securities Fed bailout. Not sure if the Fed's balance sheet could handle all of the new asset purchases, some member of the BIS network would be able to absorb the purchases on their balance sheet, maybe ECB, like a big QE rotation, or maybe they will just start a war, who knows. Oil needs to go back up or there will be a lot of problems. Not sure if the over supply could be bought up with policy moves, but who knows, just my loony tunes analysis :p
by brandonian