Recently the market is on a rally and most of the counters are now overbought. I believe a correction will be coming soon. Maybe by as early as next Wednesday. My analysis is based on Harmonic trading pattern AB=CD and classical support/resistance. Both happens to coincide with each other. The bearish AB=CD pattern information can be found [...]

I happened to browse in a book store and came across a book called: Harmonic Trading – Profiting from the Natural Order of the Financial Markets. Initially I thought it was some kind of Elliot Wave materials. It’s not really about that. Let me define harmonic trading, directly from the book itself: “Harmonic Trading is [...]

From the daily chart above, silver has formed a bearish pennant. Volume is getting lower and lower as well. For more information on bearish pennant, click here. This is not looking good for me. It has the possibility that the price will go down lower. Above is the weekly chart of silver, which also showed [...]

I hope my chart above can explain clearly (click on the chart for a bigger view). Seems like the rally is losing steam and price will drop soon. DJI roughly has the same kind of chart pattern as well. Just last week, the market was seriously very oversold. Now it’s the reverse, becoming very overbought. [...]

I was talking about Kimco Realty (KIM) a few posts ago. I mentioned that I entered a short position. You can read the post over here. It was a trade that really went my way – the drop in price was big and I made decent profits. The swing trade lasted 5 days for me. [...]

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A classic example of the bearish Belt Hold candlestick pattern from Kimco Realty (KIM) This pattern is formed with a very big gap away from the current uptrend. It opens at its high and immediately backs off for the rest of the day. As you can see from the chart above, this counter gap up [...]