Best of the Week
Most Popular
1. Market Decline Will Lead To Pension Collapse, USD Devaluation, And NWO - Raymond_Matison
2.Uber’s Nightmare Has Just Started - Stephen_McBride
3.Stock Market Crash Black Swan Event Set Up Sept 12th? - Brad_Gudgeon
4.GDow Stock Market Trend Forecast Update - Nadeem_Walayat
5.Gold Significant Correction Has Started - Clive_Maund
6.British Pound GBP vs Brexit Chaos Timeline - Nadeem_Walayat
7.Cameco Crash, Uranium Sector Won’t Catch a break - Richard_Mills
8.Recession 2020 Forecast : The New Risks & New Profits Of A Grand Experiment - Dan_Amerman
9.Gold When Global Insanity Prevails - Michael Ballanger
10.UK General Election Forecast 2019 - Betting Market Odds - Nadeem_Walayat
Last 7 days
What ECB’s Tiering Means for Gold - 17th Nov 19
DOJ Asked to Examine New Systemic Risk in Gold & Silver Markets - 17th Nov 19
Dow Jones Stock Market Cycle Update and are we there yet? - 17th Nov 19
When the Crude Oil Price Collapses Below $40 What Happens? PART III - 17th Nov 19
If History Repeats, Gold is Headed to $8,000 - 17th Nov 19
All You Need To Know About Cryptocurrency - 17th Nov 19
What happens To The Global Economy If Oil Collapses Below $40 – Part II - 15th Nov 19
America’s Exceptionalism’s Non-intervention Slide to Conquest, Empire - and Socialism - 15th Nov 19
Five Gold Charts to Contemplate as We Prepare for the New Year - 15th Nov 19
Best Gaming CPU Nov 2019 - Budget, Mid and High End PC System Processors - 15th Nov 19
Lend Money Without A Credit Check — Is That Possible? - 15th Nov 19
Gold and Silver Capitulation Time - 14th Nov 19
The Case for a Silver Price Rally - 14th Nov 19
What Happens To The Global Economy If the Oil Price Collapses Below $40 - 14th Nov 19
7 days of Free FX + Crypto Forecasts -- Join in - 14th Nov 19
How to Use Price Cycles and Profit as a Swing Trader – SPX, Bonds, Gold, Nat Gas - 13th Nov 19
Morrisons Throwing Thousands of Bonus More Points at Big Spend Shoppers - JACKPOT! - 13th Nov 19
What to Do NOW in Case of a Future Banking System Breakdown - 13th Nov 19
Why China is likely to remain the ‘world’s factory’ for some time to come - 13th Nov 19
Gold Price Breaks Down, Waving Good-bye to the 2019 Rally - 12th Nov 19
Fed Can't See the Bubbles Through the Lather - 12th Nov 19
Double 11 Record Sales Signal Strength of Chinese Consumption - 12th Nov 19
Welcome to the Zombie-land Of Oil, Gold and Stocks Investing – Part II - 12th Nov 19
Gold Retest Coming - 12th Nov 19
New Evidence Futures Markets Are Built for Manipulation - 12th Nov 19
Next 5 Year Future Proof Gaming PC Build Spec November 2019 - Ryzen 9 3900x, RTX 2080Ti... - 12th Nov 19
Gold and Silver - The Two Horsemen - 11th Nov 19
Towards a Diverging BRIC Future - 11th Nov 19
Welcome to the Zombie-land Of Stock Market Investing - 11th Nov 19
Illiquidity & Gold And Silver In The End Game - 11th Nov 19
Key Things You Need to Know When Starting a Business - 11th Nov 19
Stock Market Cycles Peaking - 11th Nov 19
Avoid Emotional Investing in Cryptocurrency - 11th Nov 19
Australian Lithium Mines NOT Viable at Current Prices - 10th Nov 19
The 10 Highest Paying Jobs In Oil & Gas - 10th Nov 19
World's Major Gold Miners Target Copper Porphyries - 10th Nov 19
AMAZON NOVEMBER 2019 BARGAIN PRICES - WD My Book 8TB External Drive for £126 - 10th Nov 19
Gold & Silver to Head Dramatically Higher, Mirroring Palladium - 9th Nov 19
How Do YOU Know the Direction of a Market's Larger Trend? - 9th Nov 19
BEST Amazon SMART Scale To Aid Weight Loss for Christmas 2019 - 9th Nov 19
Why Every Investor Should Invest in Water - 8th Nov 19
Wait… Was That a Bullish Silver Reversal? - 8th Nov 19
Gold, Silver and Copper The 3 Metallic Amigos and the Macro Message - 8th Nov 19
Is China locking up Indonesian Nickel? - 8th Nov 19

Market Oracle FREE Newsletter

How To Buy Gold For $3 An Ounce

Getting Ahead of the Competition or Is U.S. Commercial Real Estate Market about to Crash?

Housing-Market / US Housing May 08, 2012 - 01:46 PM GMT

By: Ron_Jaenisch

Housing-Market

Best Financial Markets Analysis ArticleTrading is a craft. It is part art and part science. in order to succeed in trading one needs to recognize what is probable to occur in the future and be ahead of others in related fields.

An excellent example for this focus is the Chart of CBG. This is an excellent international firm profiting from commercial real estate turnover and value growth, as a result of thier activities. Their future is tied to the profitability of Commercial Real Estate, as well as being ahead of their competitor Advanced Market Consulting who has an excellent reputation with a lower cost structure. 


Regardless of how wonderful the revenue and profit reports are, there are those that use technical analysis to be ahead of their competitors. In this article the application of several methods of the craft will show the price projections for CBG and in the fullness of time we will be able to see what actually occurs.

cbg chart    

On the above chart there are several notations regarding the start of a third wave. This is something that would interest or excite those that follow a theory known as Elliott wave. The belief is that the third wave is the longest. In addition the third wave will have as a target the point below the wave point prior to the prior wave. This would give a price projection of below the lows of 2009. In addition the third wave is often swift and furious. And this is how some investors like to see their profits grow.

Some traders utilize Advanced Andrews and Babson techniques. These would have recognized that when prices went up recently they stopped at a Babson Reaction line. These folks often utilize the Advanced Andrews Course Golden pivot rule for market entry and with the data on the above chart present they would already be short or seriously look at this concept.

Then there is the pattern recognition watchers who like to see prices reverse what is known as a Reinhart star. This indicator is typically see when a pattern commonly known as AB=CD emerges at the start of a third wave. It is believed to be a low risk entry opportunity.

Anyone can see this with perfect 20/20 hind sight. To see when we noticed it look at the date on the Cnn article.

Around the same time, those that follow the works of WD Gann would be looking at the above chart and notice that a head and shoulders pattern has developed.

An Additional technique was developed by Colorado John, who learned many of the Advanced Andrews techniques from us. He counts a projected number of days forward and combines it with the median line to get the target line that is labeled JTPP.

On the chart above you can see the Babson target area. For the Babson technique, how price reacts to the line is important. What is interesting at this point is that Babson appears to be rather early compared to the other indictors.

This is both on entry and on exit.  In addition this approach taught in the Advanced Andrews course at www.Andrewscourse.com, will look at what occurs in the price action along the way and adjust accordingly.

The author Ron Jaenisch, personally spent time to learn these techniques with Alan Hall Andrews and has been trading for over 10 years.

© 2012 Copyright RCS   - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules