if you do a search you’ll find some interesting charts on the ‘parabolic’ rise of the BITCOIN Index. PARABOLIC RISES ALWAYS END LIKE THIS …period. what’s important to realize is we are balancing the energy of euphoria (a sell signal) w/ depression/capitulation (a buy signal) … so what’s important now. note the triangle is broke […]
11/03/2018 – well our IBM pattern failed and got smoked. As I’ve shown before, the candle on IBM is what a ‘failed pattern’ looks like … so, as you can see below we have another BUY pattern emerging on IBM. It’s got some ‘time’ and ‘price’ to go but I’ll be watching the level shown […]
11/19/2018 – revisiting this pattern from the end of October. The levels indicated have NOT been hit so, believe it or not, this is ‘standard’ corrective move in the NYSE Index since 2009. Thus far, every major correction has been the dashed red arrows. also, we have polarity support area and then we have all […]
I like to draw circles … just work w/ me. how the 1987 low and recent high are connected by geometry
a couple weeks ago I posted this: https://bartscharts.com/2018/08/30/jpm-and-tops-of-circles/ it was some geometric work I did on JPM and ‘real time’ the top of a circle. I do have a theory of ‘why’ this technique works in projecting support or resistance but I’ll leave that to me and some of my friends. it really doesn’t matter – […]
10/21/2018 F has hit the zone for the projections sighted a few weeks ago. a weekly ‘doji’ has formed but no real bullish divergence. perhaps continue to wait till 4.86 OR a weekly close above 10. all that being said, this area is a BIG deal for Ford (F) …. Bart —————————————————————————————————————————————– 3 AB=CD’s .618 […]
the NYSE Index has a TON of stocks in it and is a very good gauge of the overall health of the market. As you can see there is still a much bigger target (almost perfect – an AB-CD and 1.618 extension on top of each other ON A MONTHLY) out there in/around 14217. But […]
IF (the big IF w/ Elliott) this count is correct sure looks like this puppy has room to run .. my daughter works there and loves it. Very most excellent business environment and NO I can’ get you discounts.