$BABA and Ripley’s Believe it or not …

folks, this is the largest IPO in history AND it’s got the beat of music to it and, hopefully, the charts below will prove it .. if you don’t believe it, that’s cool.  you might not believe me, but these initial “geometric seeds” will be responsible for EVERY future turn in this stock …!

as soon as $BABA opened I went to the charts to watch the action ….if you go back on my twitter feed you’ll see I said look for turns in around 90 minutes.  WHY?  well, folks, defy the human condition and do the work … PRICE equals TIME and TIME equals price.  at major turning points THERE IS ALWAYS A CORRESPONDING RELATIONSHIP with a TIME AND PRICE confluence.  the HARD part is that it is either EXACT or it’s a multiple of 1/1oth, a square root or music and geometry but, trust me it is there … period.

in the chart below there is a lot going on …

• the open was 92.65 but during the trading minute shown a low 0f 90.06 was made….the chart tells me.
  • Square Roots and their inverse are at the root (pardon the pun) of ALL CYCLE WORK.
    • this is based on music.
      • the frequency of string is directly proportional to the SQUARE ROOT of it’s tension … and/or equal 1/square root of it’s length.
        • there you have it — square roots and 1/square roots.  THAT IS THE KEY TO EVERYTHING …
        • now, if we take the square root of 1.618 we get 1.27.  if we take 1/1.27 we get .786.  That is NOT a fibonacci number … it’s an inverse of a square root of the golden mean … see?
• if we take the square root of 90.06 = 9.49 and add them we get 99.54.  THAT WAS THE HIGH TODAY OF BABA (ok we missed by 18 cents but you get the picture)
• now we start down and use our simple yet very powerful projection method, taught to be Mike Jenkins, of 1/8 increments of the signal reversal candle. (SRC)
  • SRC – is the candle that takes out the candles that either makes the high or the low …
  • now we have used blue horizontal lines to show the horizontal levels of the 1/8 increments DOWN …
    • note price went thru the .5 (4/8) but bounced up from the .786 retracement and was resistance
    • note price went to 1.25 (1/8) and hung out there until ….OF COURSE, 90 MINUTES AFTER THE IPO THE MARKET INFLECTED.
• so, once a SRC is made we PROJECT up and do the same thing, but this time up (the black lines).  Note the BLUE ARROW. The SRC was the reason for the resistance …

Now, here’s the hard part … on this 1 minute chart we have 90,99,92 as PRICE components and those numbers are going to spin out their own cycles …our inflections will occur when multiple time cycles that have spun out from today all come together … that’s the hard part, keeping track of them.

I’m going to be interested in September 30th …

• the square root of 90.06 = 9.49 and, well, PRICE = TIME = DEGREES.
• So, something might move 9.49 degrees and if a PATTERN in PRICE is present then perhaps we’ll have a trade.
  • just like we project PRICE 1.618 or 1.27 or equality we can do the same thing w/ things that move in degrees.

additionally, below, you’ll see what we’ve shown before  — the angle of ascent or descent is key to deriving the true trend lines.  in this case we had a 88 degree move up and guess what … the market bottomed 88 minutes after the first trade.  YES, that’s a coincidence … (?)

one last … note the chart below.  THIS FIRST INITIAL IMPULSE MOVE UP WILL BE THE ROOT OF ALL FUTURE TREND LINES AND ANGLES …

ENJOY THE WEEKEND .. what an amazing country we live in and what an amazing story for the $BABA team …

rock on, ok?

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets. View all posts by BART