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Natural Gas – another look
Posted on November 1, 2015 6 Comments
folks, the foldback failed .. it sure was a pretty set up down at the very very low price. I’ve thrown a count up there and not too confident of the first part (the left portion) but what I do feel very confident about is the subdivisions of the current wave – which I have […]
$DIS (Disney) short set up
Posted on November 1, 2015 Leave a Comment
I know, shorting Walt Disney World ($DIS) is probably un-american but just calling it like I see em’ … Below you’ll find a chart showing the parabolic lift off of $DIS. Note, the Adams Pitchfork. I made the lower point equal to the all time low and that provides the geometry for “copy” and then […]
Meanwhile, ABX is hanging in there …
Posted on October 30, 2015 Leave a Comment
can see a mintor 5 wave move up from current levels. IF this is BULLISH THEN we should not break the lows at 6.00. go to the site and “search” ABX .. you’ll see I’ve watching the 6-7 level closely for a while. need some THRUST and MOMENTUM to get this thing going ELSE it’s […]
SBUX and Coffee Prices …update 10/30/2015
Posted on October 30, 2015 Leave a Comment
Update 10/30/2015 – $SBUX continues to move in a parabolic fashion. However, as you’ll note below, we have hit the first target on the SBUX/Coffee Futures ratio. There are still some higher targets a little above this BUT this run in SBUX should be coming to an end. With that in mind, would recommend waiting […]
Parabolic Velocity ….and $MO
Posted on October 29, 2015 Leave a Comment
spent some time in the Navy and, one time, we (two seat Tomcat) decided to “see how high we could get from sea level” off the coast of SOCAL. So, we lit the afterburners and got going pretty fast and then the pilot smoothly pulled back on the stick and very soon we were pointing […]
why I don’t think were out of the woods yet …$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 […]
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