Uncategorized Category
Busy with @seeitmarket coming into the 2015!
Posted on January 4, 2015 Leave a Comment
Folks, what a wealth of information from Andy @seeitmarket ….. Here’ what I’ve been up to – check out the links and all of the amazing contributors: the Banks … they lead us up and they lead us down. PATTERNS suggest they are at MAJOR resistance and what this means for the overall market: http://www.seeitmarket.com/bank-stocks-near-make-break-point-2015-13986/ IBM […]
a look at mirror image foldbacks and Natural Gas
Posted on December 31, 2014 3 Comments
Wanted to do a follow up on some Natural Gas questions that have hit the blog. THANKS FOR ASKING The chart below is back from August and it showed the completion of a “large” AB=CD PATTERN and then a BUTTERFLY PATTERN appeared and held. The natural flow of things calls for a BUY once […]
Crude Oil Geometry ($USO)
Posted on December 29, 2014 Leave a Comment
the oil complex is in the midst of a deflationary thump BUT do believe it’s coming into a zone of support. posted for Andy @seeitmarket http://www.seeitmarket.com/correlation-watch-crude-oil-services-loonie-13951/ and so far the $OSX and Loonie have held. why 50-51 for a bounce in crude: 3 ratio’s – .786 retrace, 1.618 and 1.27 extensions NOTE the TIME of the oil […]
Natural Gas Mirror Image Foldback ($UNG)
Posted on December 29, 2014 7 Comments
so far, it’s been a very nice and symmetrical move in Natural Gas futures … if (the big if) the mirror image is at play THEN either 1) here or 2) a little lower and we should see Natural Gas foldback up the blue arrow shown by the “we are here (?)” in the middle […]
@SeeItMarket post regarding $IBM
Posted on December 29, 2014 Leave a Comment
Why IBM Stock May Reverse Higher In 2015
INTC on the move – updated
Posted on December 28, 2014 1 Comment
An update to $INTC is below. Gameplan is working thus far….it came back and tagged the neckline and off it went. Now, expect the low 40’s to be resistance and for another pullback to occur. BUY this pullback. CLIFF NOTES: INTC is on the move breaking thru and CLOSING (KEY) at the high […]
QCOM
Posted on December 27, 2014 Leave a Comment
QCOM appears to be in a 3rd wave advance. Expecting some resistance for a 4th wave pullback/consolidation and then a final thrust in wave 5 into the 111 area. Will update as it progresses …
JPM Voo Doo – redux
Posted on December 26, 2014 Leave a Comment
Folks, we have now closed above the PATTERN level. If we get thru 63.63 on a weekly close then this PATTERN has failed and JPM is off to the races. Again, this is a MONTHLY PATTERN. When they fail … things really take off. WATCH CLOSELY! Folks, almost a year ago this pattern was […]
US Steel (X) needs to hold current levels
Posted on December 24, 2014 Leave a Comment
Update: as you can see from the chart below, X did return to the breakout level (31.19) and bounced nicely. However, it has since broken down back below. I’m not that troubled by this event because it’s tracing out a very nice 3 wave corrective move that has, as of this blog post, completed. Additionally, […]
