Orpheus Columnists Introducing Rares Trif

By Domnita |

Published:

9 May, 2010

It gives us immense pleasure to introduce Trif Rares, the contibuting columnist for the Waves Energy. Rares got interested in forex trading and followed it up with an early interest in technical analysis. While practicing technicals he covered many other global assets and found similar patterns and formations across global assets. This is when he moved to Elliott Wave analysis. Now he specializes in energy assets. Rares graduated in finance and followed it up with post graduate studies in management. He combines Elliot Wave with classical technical analysis tools. He correctly depicted the May 2010 top in Oil and is forecasting a large multi year bottom in natural gas. You can follow up his work on Ticks Global and Orpheus Energy Research reports. Previous Waves.oil reports Ticks Global Report To access members area or Orpheus estore click here. WAVES.OIL is a perspective product published once a week. The report covers BRENT, WTM, XLE (Energy SPDR), top energy stocks, Natural Gas and related FUTURES. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools and sentiment indicators. REUTERS RICS: BRT-, WTM-, .XLE , CVX.N, XOM.N, IPNG, NG-P-CAL ORPHEUS RESEARCH AT REUTERS UNITED KINGDOM ORPHEUS RESEARCH AT REUTERS USA
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The Oil Algorithm

By Domnita |

Published:

9 May, 2010

On one side we have computer algorithms, which are blamed for Dow 1000 point move, all the panic in volatility and the 10 dollar move on oil etc. On the other side we have the hands on Elliott approach, which does not need high number crunching computers. Orpheus has been covering Oil for since early 2005. In May 2008 (oil made a high of 133) we wrote The Oil Rocket. We said Nothing can rise exponentially, even if its OIL. The assets exponential rise is more an indication of an ending trend and not vice versa. The OIL rocket can never become a satellite, no asset can. And the almost ninety degree inclination to new highs is destined to collapse. Few Wall Street brokers looked at this as a great time to solicit mass mailing lists for OIL CALL options. Well we dont subscribe to the OIL end era yet, but if the best broker suggests buying CALLS with such confidence, we definitely dont know something he knows or something everybody knows. At this stage what we can see is a sentiment euphoria which is hard to sustain. The five legged fractal structure both starting 1999 till 2008 and the smaller five legged sub structure starting in 2007 seems complete. We dont see OIL above $ 125 and its time for PUT and not a CALL. Oil should push to sub dollar 70 levels. While we talked about 70 dollars Oil while it was at all time highs, we also mentioned that after the fall the move up to 300 should begin. In the feature Oil 2012 carried on 15 Aug 2008 we said. Oil is headed to 300 and higher till 2015. Oil fell to sub 40 in Dec 2008. In our 18 Dec feature on WTM vs. Brent we said Above 40 reversal on OIL does give us a good turn around case. And we continue to look higher on OIL. 26 Jan 2009, in Oil ready to reverse we said 50 is a psychological level and a push back up to 50 is an intermediate reversal. A move up on OIL could push OIL up in higher territory near 70. Oil move up till Jun 2009. In Aug 2009 Gasoline Futures we said, Oil is completing a flat and after a dip down should push up to new highs. Successive reports on Oil on 28 Oct, 20 Oct mentioned Prices should continue to push higher till 90. Dips around 75 levels were pointed out as corrections. 16 Nov 2009 we said The sub minor correction should end soon and push higher to 85-90 levels. On 23 Nov 2009 update we mentioned that a termination pattern ending diagonal was in. On 14 Dec we said another attempt at 80-90 prices before turning lower or is the top already in. 10 Jan 2010 we talked about potential oil topping with targets back to 60. 9 Feb, Chevron tops at 80 was released. 17 Mar 2010 we said Oil was completing wave B up after which the C wave down should begin 14 Apr Oil remains topping. 28 Apr Intermediate reversal is here. 02 May Oil topped at 86 in our anticipated resistance zone 85-90 and pushed lower in one week 10 dollars lower to 75. The current ongoing move on Oil should move to anticipated targets till 60. As ending diagonal formations generally retrace completely. This should be our last and best opportunity to buy Oil for a move up till 2015. Oil 300 remains our preferred view. What this means for economics? What this means for society? What this means for inflation is again not too hard to understand. You really dont need an algorithm for this. For regular updates on Oil and other energy assets subscribe to Orpheus Energy Research. Enjoy the latest WAVES.OIL

Trif Rares, the contibuting columnist for the Waves Energy. Rares got interested in forex trading and followed it up with an early interest in technical analysis. While practicing technicals he covered many other global assets and found similar patterns and formations across global assets. This is when he moved to Elliott Wave analysis. Now he specializes in energy assets. Rares graduated in finance and followed it up with post graduate studies in management. He combines Elliot Wave with classical technical analysis tools. He correctly depicted the May 2010 top in Oil and is forecasting a large multi year bottom in natural gas. You can follow up his work on Ticks Global and Orpheus Energy Research reports. Orpheus Columnists To access members area or Orpheus estore click here. WAVES.OIL is a perspective product published once a week. The report covers BRENT, WTM, XLE (Energy SPDR), top energy stocks, Natural Gas and related FUTURES. The product highlights Primary (Multi Month) and Intermediate (Multi Week) price trends. The report illustrates key price levels, price targets, price projections and time turn windows. The product uses Elliott waves, traditional technical analysis tools and sentiment indicators. REUTERS RICS: BRT-, WTM-, .XLE , CVX.N, XOM.N, IPNG, NG-P-CAL ORPHEUS RESEARCH AT REUTERS UNITED KINGDOM ORPHEUS RESEARCH AT REUTERS USA
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Waves.India Subminor to primary

By Orpheus | Published: 19 May, 2010

The Elliott wave theory works across time frames, from 1 minute to weekly or monthly charts. It is easier to understand the subminor count if we know where we are heading on a multi-week time frame. And a multimonth timeframe can be understood by positioning it in the multi year picture.

Our latest Waves.India report carries subminor to primary counts on the main Indian indices. Nifty broke key 5,000 levels, confirming an extended preferred impulse down (slide 1).

The larger picture continues to look negative. The preferred primary view suggests a large Y circle wave down till near 3,000. Meanwhile the alternate view considers a second wave retracement till previous (4) levels (slides 4 and 5). The main sector indices are also suggesting at least an intermediate correction down which could last well into end of Q3 2010. We also carried an anticipated and happened case on Nsebank subminor.

Enjoy the latest Waves.India.

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Michesan Anna-Maria, the columnist for the WAVES.INDIA weekly and Head of India Research. Anna discovered her interest of markets immediately after completing her graduate studies in Economics. She followed it up with post graduate studies in corporate finance. A host of research work in behavioral finance, option strategies and quantifying market sentiment followed. Anna covers Indian equity and combines Elliott, Time Fractals and Time Analytics to deliver accuracy across time frames. To review some of her work, check out the annual India accuracy report 2009. India Accuracy Report 2009