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When PATTERNS fail, the almost always come back to touch it and then CONTINUE
Posted on August 22, 2015 Leave a Comment
we now have a GREAT opportunity to see if the 10000 level holds on the German Dax. I blogged about it here: https://bartscharts.com/2014/12/14/german-dax-voo-doo-is-a-wonder-to-behold/ and at the time it was finishing a MONUMENTAL pattern from the all time low 30+years ago. Guess you could say it “worked” because it held the market at that level for over […]
1856 ….
Posted on August 21, 2015 Leave a Comment
if you read my last post (here: https://bartscharts.com/2015/08/20/i-think-this-is-a-song-of-hope-robert-plant-live-stairway-to-heaven/ ) you’ll understand the importance of a “swing low.” I’m watching 1941 – blue arrow measured move that has happened before but, more importantly, 1856. 1856 represents the largest correction down since 2009 BUT MORE IMPORTANTLY is a KEY swing low area … if we take out 1818 […]
“I think this is a song of hope …” Robert Plant Live Stairway to Heaven
Posted on August 20, 2015 1 Comment
The S&P 500 has been climbing a stairway to Heaven .. folks coming into 2015 we had some pretty strong patterns appearing. some worked and some didn’t – isn’t that what we expect? that being said, it was prudent to be cautious due to their presence. here’s what I posted around a year ago: “Let’s […]
Lumber revisited
Posted on August 20, 2015 1 Comment
I know nothing about the harvesting techniques of wood/lumber. The post below the two dashed lines is over a year old. These targets were generated from harmonic pattern recognition. Notice, there are NO oscillators, moving averages, bands or anything like that .. just PRICE and TIME. They were all hit … sometimes they work, sometimes […]
$NFLX kicked my ass
Posted on August 14, 2015 Leave a Comment
if you look thru or have been reading my blog you’ll realize that the patterns do fail .. invariably when this occurs I’ll go back to the drawing board and come up w/ another PATTERN. check out WYNN … you never know what’s going to happen and the PATTERNS do fail. manage the risk … […]
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