Year: 2015

OTC, Open Text

Hamilton

otc jan 28 2015 lotc jan 28 2015 s

Exactly a year ago we thought this stock might be a good sell at about $110. It was immediately cut in half but that was due to a stock split 2 to 1, I think. Here we are up there again and it got wacked today. It looks like the start of something much bigger that should not stop before we are back at $50 (and , of course, more after that). A sell again.

By the way, we are not wed to this count. A 1-2, 1-2 start with two 4-5’s at the top might fit even better. The conclusion is no different.

DOW, update

Hamilton

dow jan27 2015 bdow jan 27 2015 s

Tomorrow, I think, is another Fed. day, or are there two. Either way in the next one or two days we should get a Yellen day. That is a day that is good for at least 300 points or so up not because there is a reason, just simple because it is a Yellen day.

The Dow displays the same triangle as we have seen all over the place. The c leg is just a little more complex but we are ready to go. The triangle, if that is what it is, measures about 1000 points so 18400 might be possible ( maybe a Yellen, Draghi, and Poloz day one after the other). The thought alone is disgusting.

As a caution, it should be kept in mind that there is a bearish alternate possibility. It is lurking in the bush;

6 bears

ATG, Athens index

Hamilton

ATG jan 25 2015

Tomorrow there are elections in Greece. It would be nice to have an advance look at what might be in store. The stock index for Athens/Greece comes from about 5000 plus so clearly it has not done very well. More importantly the rise over the past, nearly two years take the shape of an a-b-c, one that is perfectly symmetric. These are corrective, counter-trend structures so the next big move should be to new lows. So far we clearly have a 1-2, 1-2 situation so a continuation of the downtrend is the most likely outcome. Having said that, we have no clear idea in what part of a wave 3 we are in right now, and therefore it is not possible to say anything about the immediate future other than that it is not likely to trade above 900 and very likely to trade below 500 soon.