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Nike and the Perpendicular Bisector .. yes, I just typed that!
Posted on November 12, 2014 2 Comments
I’ve shown this technique, successfully, on the parabolic run in IBB, AAPL and others. I’m not going to repeat it here – search on this website for IBB or AAPL and Sir Isaac Newton and the APPLE falling from the tree. But what I’m going to do is go chart by chart to TRY and […]
BIDU follow up
Posted on November 11, 2014 Leave a Comment
11/11/2014 was too early on this count, as you can see below. Now, we are approaching some very stiff resistance as shown. another target is 295. all that being said, still believe we are in the 5th wave advance here …. 03/31/2014 CLIFF NOTES: very strong probability that a 5 wave advance is […]
Aussie vs USD bottom in place?
Posted on November 9, 2014 Leave a Comment
The Aussie has been correcting for a while and, folks, the move down from 1.100 ish certainly appears to be corrective. What does that mean? We are “at” or “near the beginning of a multi year advance that will take out the high July 2011. Here’s the monthly picture … TILT … everyone is talking […]
why we need to watch the Japanese Yen …
Posted on November 8, 2014 2 Comments
full disclosure … check out this chart below. this is where I was stopped out of a LONG USD vs the JPY. this game is really hard, if you make it. As my mentor and friend Larry Pesavento says – “trading/investing isn’t hard, but it sure isn’t easy.” I was pretty cocky 7-8 years ago […]
OK … just put on ECHOES from 44 years ago – PCLN is DONE
Posted on November 7, 2014 Leave a Comment
an amazing day today … but tired. a picture paints a thousand words … enjoy ECHOES Pink Floyd as you STUDY the PATTERNS on this short. LOOK OUT BELOW .. (I think) NOTE … weather this is a “c” or “3” w/ regard to this stock – the move developing right now is going to […]
IWM — checkmate (but crank up Dark Side of the Moon and a glass of wine before reading)
Posted on November 6, 2014 Leave a Comment
IWM … so, in October of 2013 (yes, more than a year ago) I was beating the drum of a very important top forthcoming top/target zone in the IWM. (An ETF of the Russel 2000.) See below the double line area … The zone depicted from that post in October 2013 is below and […]
THE silver fractal … you want to study this chart
Posted on November 6, 2014 1 Comment
Fractals … see below for the definition. In the market, it happens all the time. The same PATTERN in FORM is playing itself out – from a fractal perspective – on a 5 minute chart and on a Monthly. It’s actually pretty amazing to see … trust me, you won’t see them w/ the mess […]
why we should care about Australia
Posted on November 1, 2014 Leave a Comment
the All ordinaries never hit the target SELL pattern and this PATTERN is still valid. the zone of 5760-5835 is the key w/ the old realiable .786 retrace up at 6060 the highest it “should” go if the SELL PATTERN is valid. As you know we NEVER know which one works or doesn’t … what […]
AAPL and Palladium – dancing w/ the stars?
Posted on October 24, 2014 Leave a Comment
When looking at any security, I always try to look at cross market correlations (intermarket technical analysis I guess) to see if we can get correlations/confirmations. One of the more important correlations has been the price of Palladium and the AAPL stock and to another extent the NASDAQ. They are NOT perfectly correlated but […]
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