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$BID Sotheby’s …
Posted on November 14, 2015 Leave a Comment
my good friend Larry sent me a chart this morning .. it’s a chart of Sotheby’s Fine Art auction house … fascinating as big moves down/up follow social mood and the market. It’s interesting to note the higher highs up into 2007 and since then the lower highs present. it’s finishing a BUY pattern right […]
Swissy Butterfly
Posted on November 10, 2015 Leave a Comment
this is a nice one … IF it fails THEN the USD is going to take off. highly probably pattern so expect some weakness in the USD vs CHF in/around these levels. here’s why it’s called the “butterfly pattern” when looking for butterfly patterns just think of it as connecting two triangles. the key […]
Interest Rates … playing w/ the gang over @seeitmarket
Posted on November 9, 2015 1 Comment
Post on Fed Fund Futures from this weekend … interesting and important: Will The Fed Raise Rates? What Fed Funds Futures Are Saying B
keep an eye on this PATTERN
Posted on November 9, 2015 Leave a Comment
to reiterate, the key w/ patterns is the fact they give you a line in the sand to make determinations of trends, possible inflection points and overall strength/weakness of the market. in this case, we have the $NYA (the largest index) doing the EXACT same thing it did in 2008. so, I like to keep […]
Technician’s Toolbox: Measured Moves …
Posted on November 8, 2015 Leave a Comment
Measured moves are 1) the easiest and 2) one of the most important techniques in the technicians toolbox. They represent the “sum” of buyers and sellers and – on long term charts – extremely accurate at marking inflections points and risk controlled entry points. Let’s face it, besides the retail portion (me and you) are going to […]
Meanwhile ….China, DB, Junk Bonds
Posted on November 8, 2015 Leave a Comment
GoPro Shake Shack Yahoo Twitter Facebook hate to say it …but, um, who cares? There are some MONSTER currency moves going on right now … watching China like a hawk. Is is starting down again against the USD? Pay attention to this, THEN look at the “other” stuff … DB – largest holder of derivatives […]
USD vs JPY at a key PATTERN level
Posted on November 8, 2015 Leave a Comment
IF the USD vs JPY blows thru this PATTERN (sell) THEN the equity market continues higher … IF the PATTERN works THEN expect weakness and/or general churning for the equity market in the coming weeks. would like to see an up move into the 123.30-123.50 level and then sell off. Right now, stops will be […]
GOLD – bullish watch 1075-1076
Posted on November 6, 2015 Leave a Comment
OK, don’t shoot me … but I’m going to continue w/ the 3 waves down into a new low is in face a “B” wave and therefore the current move is wave 2 of C. AS LONG AS THE LOW of 1073 holds then this scenario is in play … also note, in an expanded […]
$FB post earnings ..
Posted on November 5, 2015 Leave a Comment
Here’s the chart that I quickly uploaded to StockTwits from my e-signal feed BEFORE $FB announced earnings. (by the way, Howard, AWESOME functionality .. so easy to use and to do. NICE) now, I know I’m going to get tons of hate mail tonight … look, I get that they had an AMAZING earnings release. […]
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