Coffee Getting Roasted ($KC) !

First off, I am merely a Coffee lover not a Coffee trader. I haven’t traded a single contract of KC ever.

But I just wanted to quickly take a peek at the EW structure of Coffee as it is brewing up a lot of interest lately on Timeandcycles.com with its continuous drip lower.

This is not a timing post or short term post, just a long term Coffee prognostication based on EW structure.

With that out of the way, I see nothing BULLISH in Coffee chart, it may find floor at 108.68 and/or go to 128-130 first or after hitting 108.68 over the next 4-5 weeks. 128-130 is serious EW structure resistance that will cause resumption of downtrend. As long as this range level holds on DAILY CLOSES, chances are Coffee is retracing towards the base of 2002 rally longer term, but a print sub-80 over the next few years may provide some temporary relief to the drip. So let us say for now Coffee has a target of 80 over next couple years.

Good luck!

20130923 KC

Miners Digging Deeper ($NEM)!

NEM has been analyzed as a proxy for this Sector.

Our April 2013 post, $GOLD through the Eyes of Miners ($NEM), while predicting a bottom for GOLD on April 15th, 2013 said that NEM should hit its closing high in August 2013, a retest (or possibly a higher in October 2013), and then the secular down cycle should resume from there.

So far we have

– We had a May 2013 closing high of 34.38 post the April 2013 bottom. Remember Cycles under study relate to monthly closes and hence the May close was above April 2013 close

– Post that, the expectation was that we see a higher close in August 2013 – but nonetheless the highest close since May 2013 has been in August 2013 at 31.77

– And now a final hit to topside, which I have reasons to believe per Cycles would take a peek above August 2013 closing high at >=32.61 and then the longer term decline into August 2014 should resume from there.

Based on EW, we have calculated a target of 14.00-15.17 for NEM by August 2014. Print of 35 on a DAILY CLOSE would mean something else is going on.

Good luck!

20130923 NEM

Silver Review – Week of September 16th, 2013.

See attached for how Silver Cycles performed this week.

Chanakya
http://www.smartpredictor.com
http://www.timeandcycles.com
https://smartpblog.wordpress.com/
http://twitter.com/Smartpredictor
Register for 1 Week Free Trial – http://www.smartpredictor.com/board/ucp.php?mode=register

20130917 Silver Review

What’s up with Indian Stock Market? 2013 $BSE Cycles.

What’s up with Indian Stock Market? 2013 $BSE Cycles..

That was on Aug 19th, 2013. Smartpredictor.com suggested accumulate BSE at 18000.

And this now, we hit close to 20600 in exact 1 month.

20130918 BSESN