sometimes you eat the bar and sometimes the bar eats you …

Well … sheesh.  let’s see …

  • MCD – KABOOM did that pattern fail or what?
  • GOOGL – OUCH, did that pattern fail or what?
  • PCLN – smack down baby, did that pattern fail or what?
  • NFLX – trend line held baby and KABOOM 2, did that pattern fail or what?
  • XHB – hanging in there .. not showing that much strength but it certainly hasn’t crumbled
  • AMZN – see above … holy smokes
  • XIV – inverse VIX, it’s a flipping Saturn 5 (that’s a rocket ship) higher
  • MSFT – where are you … ?  Looking for that 72-73 zone
  • TREE – bonk, ouch the apple fell from the tree and KABOOM higher
  • LOW – gap up and bam ..higher

so, if your a follower of mine you can go back and put these symbols into the ‘search’ cue and you’ll see that these patterns fail.  And that’s the point … guess what they fail.

the key here is these are runaway trains of buying … holy smokes, look at some of the monthly candles.

for me, for all these patterns to fail so gracefully well, that scares me … euphoria and chaos have hit.  who knows how long this will continue but it will end badly.

enjoy the ride while you can … but use a ‘monthly’ signal reversal or weekly signal reversal to book profits or get conservative … sheesh, these are runaway trains.

Again, as the Cowboy says on the Big Labowski – “sometimes you eat the bar and sometimes the bar eats you.” I get it … thanks Cowboy.


PS – also, I do enjoy you my followers so if you look, there is some nice patterns that worked.

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.

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