A chart analysis of the forex markets This post looks at the present forex markets through the lens of classical charting principles, as originally forumated in the early 1930s by Richard W. Schabacker, editor at the time of Fortune Magazine. Factor LLC is recognized as one of the world’s preeminent authorities on classical charting principles […]
About Peter Brandt
Peter Brandt entered the commodity trading business in 1976 and is considered by many leading authorities to be one of the best classical chartists and traders.
Entries by Peter Brandt
There are some signs that the 4-plus year bear trend in the precious metal markets is coming to an end As I have pointed out always constantly, I hate trading Silver. Silver can move $1 one way or the other and mean nothing technically. Gold is a technically honest market, and usually the leader. […]
If you are a trader, you will relate When an archer is shooting for nothing . . . he has all his skill. If he shoots for a brass buckle . . . he is already nervous. If he shoots for a prize of gold . . . he goes blind; or sees two targets […]
Note: The post herein was absolutely wrong on the analysis of the H&S top in stock indexes. Guess what — traders are wrong from time to time. I make bold calls and some are right and some are wrong. At the end of the day, price is king and nothing else matters. Members of […]
MSCI World Index forming a massive 2-year H&S top The MSCI Index appears to be rolling over in a right shoulder of a significant top pattern. One must be blind not to notice the similarities between this potential top and the chart top completed in 2008. Also, notice how the right shoulder held at […]
Charts indicate that the USD/CHF could trade at 1.1200 and perhaps as high as 1.2350. Swiss National Bank is intent upon driving the Franc lower (i.e., USD/CHF higher) Note: This report represents the type of analysis routinely provided to members of the Factor Service. Members of the Factor Service have been advised for three […]
A major top has been confirmed on the Live Cattle price graphs, projecting significantly lower prices. The weekly continuation graph completed a 14-month H&S top on Aug 21. The general target of this top is sub-120.
Seven month symmetrical triangle has been confirmed Decline on August 25 triggerd an 8-week H&S failure In recent weeks I have presented to members of the Factor Service the possibility that why The Silver chart is a textbook example of the veracity of classical charting principles. Some of the features on the weekly graph include: The blow-off […]
Initial draft of the S&P section of the upcoming weekly Factor Update [Note: Each week Factor LLC issues a chart analysis of the markets in which it carries a position or is considering a position. The following is the initial draft of the analysis of the S&P 500 for this weekend’s Update. To become a […]
Traders become accustomed to the recency and expect recency to extend indefinitely S&Ps have sold off 60 points in just two days. Only fools would short a market that is so deeply oversold. But is the market really oversold?? Really????????? I am not predicting a top. I trade possibilities, not probabilities, and definitely not […]