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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 […]
EURO vs USD cross roads
Posted on October 23, 2014 Leave a Comment
I TRADE the spot currency market … as a CTA I deploy capital in the spot FX market. I am hawking the EURO and, quite frankly, it’s at a crossroads. Why? 1) the BEARISH sentiment is at a MAJOR extreme … we have to take that into account. 2) I feel “pretty” confident on the count […]
here’s how powerful the XLP/SPX ratio is …
Posted on October 23, 2014 Leave a Comment
below are a couple intraday charts of the “ratio” of XLP/SPX. note, ALL the major inflections (even intraday) are equal/opposite the overall market. so, where does that leave us? Well, you can see a minor buy pattern (two blue triangles) but I favor lower where the .618/.786 overlap. If/when this ratio hits that level I […]
an ideal scenario – TO SHORT!
Posted on October 19, 2014 Leave a Comment
if you read this blog, then you’ll notice I’ve been pretty silent. why? well, this is all playing out to plan … MAJOR patterns completed and, well, they took a long time to form and work to be quite honest. But, read below the two horizontal lines and you’ll see the PATTERN was calling for […]
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 […]
