Uncategorized Category
Dow Jones Industrial Average – SELL pattern complete
Posted on August 27, 2015 4 Comments
the markets reaction in/around this level will give us a heads up for the next directional opinion (IMHO)
When PATTERNS fail, they almost always come back to touch it and then CONTINUE (UPDATE)
Posted on August 27, 2015 Leave a Comment
UPDATE: is “I’m not sure, but suspect” good enough? We went thru the level and closed below it BUT the next day moved strongly higher. A weekly close above the old pattern is good but my perspective is these old patterns work – pretty exactly. plus, it looks like we aren’t complete from a wave […]
Lions and Tigers and Bears Oh My – XOM Monthly
Posted on August 27, 2015 Leave a Comment
folks – I am sorry that I didn’t post this earlier as this ranks up there as a “no brainer” in my simple mind … the ENTIRE KEY is the square root target IF square root targets lie on top of 3 Fibonacci retracements and a measured move then Lions (square root target), Tigers (measured […]
form, proportion and harmony
Posted on August 27, 2015 Leave a Comment
take a look at this FX chart of the Loonie (Canadian) vs the USD …in my mind, it’s a wonder to behold. anyone notice the all time high was 1.618? start from 1972 and you see the AB=CD … note the correction at BC (blue dashed line) and it’s the same correction that occurred in […]
Ratio Analysis …powerful tool
Posted on August 26, 2015 Leave a Comment
if you want, search the site for ratio analysis .. it works and the key is it really gives you a feeling for how the big boys are moving the money around … this move isn’t about “Mom and Pops” folks, it’s about institutional money flow … we’ve done this before but here it is […]
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 […]
Bart's Charts 