03/21/2017 – update
if you look at the chart below … you’ll see the blue arrow measured move from the 2002-2007 hit pretty much spot on ….
I add this to the “march” to 6200 because, well, I still think that is the target.
as for my followers – YOU know that I hate to give you the ‘could have’ and ‘would have’ and ‘should have’ w/ technical analysis …I have been pretty busy over the past month. So, I hastily sent this to a few friends around the banking index in a moment of free time….. the reason I’m showing this is two fold:
- PATTERNS are all PROBABILITY ….
- the BANKS lead us UP and they lead us down …
- I really really don’t want to show anyone the world of ‘could of’ and ‘would of’ and ‘should of’ … but do want to give some heads up ..
- just trying to help folks …
The “greatest gift is gold ” U2 ….
Use a stop.
Good night …
B
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perhaps 5866 stops it but folks .. we have a perfect sell PATTERN at/around 6200 ish.
also, note the to cycle that got DESTROYED .. this puppy has some more juice.
short term – 3-5 pullback for a couple months then higher to tag the upper target?
anyway – here’s the picture … UP UP and AWAY.
just buy, the market will NEVER GO DOWN and IT ALWAYS GOES UP! 🙂
Dear Bart,about the KBW chart,do you think the period of the correction could starting now till for example september of the current yeat or maybe in a minor period of time?Thank you
Paolo, what is the KBW? sorry, a little slow on the uptake in San Diego this AM
Sorry,i’m talking about the banking index chart.
sorry kbw is the name of the bank index.
I do believe this is very important resistance in the Banking Index and the measured move shown is a realistic target. will have to see how it developes.
Sorry,i’m talking about the banking index chart weekly.
Sorry i’m talking about the weekly chart of the Bank Index.
Hi Bart,
Firstly, thanks for all that you share; I find your analysis fascinating.
Your email mentioned “pivots for the Dollar, the EURO, the POUND, the Banking Index, MMM” but I do not see a chart for the Pound. I would really like to see your current analysis of Sterling and should be grateful if you will kindly post it.
Best regards,
Barry
I’ll post the pound shortly….sorry, I did some editing. appreciate the heads up and thanks for coming to the site
Thank you for your analysis,that we follow also from Italy.
You are so very welcome .. my grandfather was born in Lucca and my daughter (oldest) had the opportunity to study abroad in Florence. MY PEOPLE! 🙂