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US STEEL – back to the neckline complete
Posted on October 17, 2014 Leave a Comment
US Steel – X has gone back to the neckline. Anywhere in the zone of 27-21 should begin another advance. Am wrong if we get a daily close below the red trend line. CLIFF NOTES: believe this breakout in X is real and it “should” come back down to […]
who’s negotiating for PCLN?
Posted on October 13, 2014 Leave a Comment
PCLN – 5 waves are complete and the first AB=CD appears at 1039. Then 988 as former resistance ….these levels are KEY to the continued bull run of PCLN. An amazing run … however, it’s not a far stretch to say that 5 waves are complete. If so … we should see 550 over […]
ratio’s are really powerful
Posted on October 10, 2014 Leave a Comment
been blogging a BUNCH about the importance of the XLP / SPY ratio. Why? Well, EVERY turn since 2000 has been nearly exact to the ratio turning up or turning down. here’s the chart: folks, it doesn’t get much better than that … the CANDLES is the ratio of XLP / SPY. The BLUE LINE […]
WYNN Polarity Principle
Posted on October 5, 2014 Leave a Comment
WYNN is at crucial support. Note, the highlighted blue areas were former resistance and we have found support in/around 175 as expected. I am showing the post below for a couple reasons: NOTE, we tried in/around this area once the pattern had completed from the IPO. THE PATTERN FAILED … so, w/ sound money management […]
IWM today PRICE equals TIME
Posted on October 3, 2014 2 Comments
would like the market to rally into October 8, 2014. recommend wait on IWM … if your a perma BULL this was a fantastic area to get long based on the PERFECT PATTERN.
JPM Voo Doo
Posted on October 3, 2014 Leave a Comment
Folks, almost a year ago this pattern was ID’d on JPM … pretty crazy hugh? here’s the updated chart – pattern appears to be hanging in there. any daily close above, say, 63 would be a pattern failure IMHO. again, before hitting the sack, it simply amazes me that I can sit here in my […]
Crude Oil … a potential roadmap
Posted on October 2, 2014 Leave a Comment
10/2/2014: we are at a very crucial junction w/ regards to Crude Oil. the big picture is resolving and, quite frankly, I’m not sure which BIG directional move to favor so i’m just going to TRUST the PATTERN that might have completed today. There’s an interpretation on IF the patterns works AND if the pattern […]
do yourself a favor – push the I believe button! ($IWM)
Posted on October 1, 2014 Leave a Comment
10/1/2014: funny how it all works out … the below is copied from a post that I did on 10/21/2013 – a year ago. a PATTERN was appearing in the zone of 113-120 and it sure looked like a doozy. I wrote “or I’m going into gardening” because I was, honestly, laughed at for […]
Let’s look at the LOONIE ..
Posted on September 30, 2014 Leave a Comment
we discussed the importance of the oil service index a while ago – https://bartscharts.com/2014/04/01/loonie-the-dollar-and-the-oil-services-index/ – w/ regards to the Loonie vs USD. what we see happening now is an important level being hit on the Oil Services Index: why is this important? Well, the USD has been on a tear vs the LOONIE and while the […]
let’s talk Crude Oil ..
Posted on September 30, 2014 Leave a Comment
man today was a blast, hugh? ebola, dudes attacking the white house, ISIS, Russia, Hong Kong Riots … let’s make life easy and watch the patterns! look at this amazing BUY appearing on CRUDE ….for us pattern recognition dudes/dudettes we could care a less till 84-87 is targeted. rock on, ok? B
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