David Petch
David Petch is a cofounder of www.treasurechests.info which has been in existence since 2003. His technical analysis focuses on Bollinger bands, stochastics (using daily, weekly and monthly charts), as well as extensive Elliott Wave analysis. His recent discovery of the Contracting Fiboancci Spiral the broad stock market indices are trapped in has indicated every major top since its inception in 1932. The CFS cycle also identifies expected major tops between now and 2020. David holds a BScH and MSc in Microbiology.
David Petch Articles
Interesting charts to present today with the S&P 500 Index, which is probably a better market to follow to reflect global economy. As we are all aware, the US Dollar still remains the reserve currency of the US Dollar and with that...
This article is an update of Gold’s Obituary published back at the end of October 2014. Nothing has changed since that forecast, except the passage of time to arrive at where we are today. Analysis will cover a few currencies and different...
The purpose of this article is to illustrate the continuous strength of the US Dollar from back in September 2014 -- and how we are not even at the half way point yet for this current move. The US Dollar Index is thought to be in a bull...
Performance of the US Dollar Index has been stellar and is developing an interesting pattern that once complete around mid to late March 2015 will indicate the final upper target expected around August 2015. This report has a lot of...
I decided to do an important update of the US Dollar Index, because Friday’s rise in Gold and gold stocks alongside oil indicated a likely top. I have been extremely bearish on energy and precious metal stocks the past few months because...
This is probably not the type of article anyone who owns precious metal stocks would like to read, but here it is. The analysis presented today illustrates short-term and mid-term outlooks up front, with the Elliott Wave count indicating...
A few notes first off...the US Dollar Index has broken below 80.0, but for this to mean anything, the US Dollar must close below 79.40 on a weekly basis. The critical levels of upper support and resistance are so tight right now, that the...
It has been awhile since I have posted on the web and thought this was an appropriate article to share. This article focuses on technical analysis of 3 currencies and the US Dollar Index. A lot of the technical indicators I follow are...
This article is a further extension of the concept I introduced over 2 years ago, titled “Markets Trapped in a Contracting Fibonacci Spiral” and the April 2013 issue of Stocks and Commodities Magazine titled “The Contracting Fibonacci...
Analysis below was published on September 18th, in the morning prior to gold shooting up $60/ounce after the FED announcement.. Even before this event happened, the take home message was that the HUI and gold remain in sideways...
