Dow 30... High, Higher, Highest, Highestest...: A very, very, very, very... rare event on the 100-point scale on the Dow has happened - not one, not two, but six, yes... SIX scalar points have been created. This means that a very high probability of short-term correction is at hand... AGAIN! Shorts would be looking at the 17K target to a second target of 16,600. Coincidentally, 16,6 is also the 61.8 fibo short-term retracement level for the Dow - coincidence or fate? SEE CHART HERE:
Aussie-Kiwi Retesting 10% Above Par :: AUD/NZD at 1.10, a key long-term psychological level is again being tested. The formation of the 2nd 500-pip scale bottom last year seems to haunt global traders as direction is nowhere to be found. One thing is certain, as history tells us - that a par-level on this pair has a very high probability of an instant retracement back to 1.05. See chart at:
Pound Sterling-Dollar Right Smack In The Middle :: Yes, there is definitely no other way to describe it. GBP/USD is on a tug-of-war between two worlds - the bulls and the bears. As it is probable that it is on its way to retest the 8000 level, it may also be on the pull-back to the 6000 mark - a strong psychological level which was, in two-and-a-half years, an unbroken territory. This is an exact moment to stop and smell the roses - wait and not rush, because, as they say in the movies, "fools rush in". SEE CHART HERE:
Floating at the current rate of $800 per ounce, Palladium quietly creeps up the charts into multi-year territories. But with two 100-point scalar levels untested (500 and 700), this catalytic chemical may soon face a harsh global sell-off totally unrelated to both metals and equities fundamentals. A pure and technical play, indeed. Why, it would be a black swan if it creates another 100-point scalar top. And even if it does, a squeeze-reaction could definitely yield a high probability expectation.