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why I don’t think were out of the woods yet …$NYA
Posted on October 28, 2015 Leave a Comment
so, I follow the $NYA. it consists of everything and YES it did open/close above the pattern in/around10415 we now have another level approaching which is a bearish sell pattern. (see highlighted blue rectangle) IF we get thru there w/ a daily close THEN I’ll throw in the towel w/ regards to another leg down. […]
the current market conditions and the AUDJPY – update
Posted on October 21, 2015 Leave a Comment
10/21/2015 – I’ve been asked what I think of the market of late …I’ve answered I have no idea. I see some patterns that suggest YEN strength across multiple currency pairs – and no it isn’t the USD vs JPY. That’s ugly. EURJPY, GBPJPY and my favorite AUDJPY appear they are willing to crack to […]
Why Not …? US STEEL update …
Posted on October 20, 2015 Leave a Comment
10/20/2015 well I’ll be darned … the dog might bark. Sell Pattern forthcoming … trade what you see, not what you believe. NO ONE BELIEVES X will rally but how many SEE a PERFECT BUY PATTERN…. X is a dog … but, if you look at the picture painted, why not? Get out below […]
$PCLN sell pattern complete
Posted on October 20, 2015 Leave a Comment
IF the mirror image foldback is in play THEN this pattern needs to hold and start down. a move below 1360 would bolster conviction that the mirror image mentioned earlier is in play.
when the big boys eat soup volatility rises ….update
Posted on October 18, 2015 Leave a Comment
October 18 2015: note, the CPB/NYA ratio has been straight down but it running into potential support a little lower. The thesis is during times of “risk off” institutions roll into the staples and stuff like toilet paper, toothpaste, food, soup, etc. has stronger relative strength. Keep an eye on this next week as support […]
Why Not …? US STEEL
Posted on October 16, 2015 Leave a Comment
X is a dog … but, if you look at the picture painted, why not? Get out below 10 and run w/ it? I saw the breakout earlier this year and thought we had a run going but it failed, big time into the lows shown. but taking a step back and looking at it […]
$BABA
Posted on October 16, 2015 Leave a Comment
10/16/2015 update to BABA – note the butterfly BUY that hit. we’ve rallied nicely and when we roll 3 waves into a new low, that’s a B wave and the move from 56 to 74 sure smells like a C wave. So, might want to take some off or close OR perhaps look for an […]
$WMT ,November 2013 looking for the top and now 55-56 for support
Posted on October 15, 2015 Leave a Comment
Here’s the picture of $WMT in 2013 – sure looked, at the time, we were finishing 5 waves and the circle area was the target area for a “potential” top. Target was hit and yesterday the move rally began. Hard to believe it’s roughly 2 years ago that this pattern was ID’d and it took […]
Soybeans
Posted on October 10, 2015 Leave a Comment
the target was lower than originally planned but it appears the node from August 1970 is holding. I expect up from here. Bart
SBUX and Coffee Prices …
Posted on October 10, 2015 1 Comment
one would think that IF the price of coffee is going up THEN it would have an impact on SBUX operations? first chart – SBUX – candles and Coffee Futures – blue line I don’t see much of a correlation ….. How about, SBUX RELATIVE STRENGTH COMPARED TO COFFEE FUTURES? THE RATIO OF SBUX/COFFEE? now, […]
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