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IBB last bit of juice squeezed out … ?
Posted on August 22, 2014 Leave a Comment
08/22/2014 – had the target below on my “alert” but forgot to post so I’m a couple days late. Recommend closing the long from 240 ish and step aside. It’s been a good ride DOWN and UP. Note, below you will see the “high” print and the geometry behind that short and then WAITING for […]
All Ordinaries .. wonder why it has that name? Sell Pattern inbound …
Posted on August 22, 2014 Leave a Comment
CLIFF NOTES: if you read this blog then you know the pattern. Just like the German DAX the Aussie All Ordinaries showing a beautiful SELL pattern. It will WORK or NOT .. but here it is … hey, OBTW, it’s a MONTHLY chart above … here’s the NYSE Index overlaid on top of the Aussie […]
BAC – now that our 17 Billion dollar fine is behind us …
Posted on August 21, 2014 Leave a Comment
CLIFF NOTES: BAC (Bank of America) – not so fast. Here’s the monthly chart showing “why” BAC finally bottomed in/around 2 bucks. I see major resistance coming in 1) mirror image foldback potential, 2) daily sell signal (shown below) and 3) a monthly pattern culminating in around 21-13. Believe anything above 24 is an abomination […]
#ouch
Posted on August 21, 2014 Leave a Comment
Cliff notes: major pattern from all time low on HD got smoked at 85-87. HOWEVER, let’s take a look at what the long term is showing …it’s showing 5 waves folks so in/around here 105-110 or 130 this should represent an end of move. But for now … anyone got a “cut man” for the […]
Gorilla’s put dynamite down for now …reload after dollar pulls back. (the dynamite is the 4 trillion/day FX market)
Posted on August 21, 2014 Leave a Comment
Summary: perhaps, it’s my background as a Naval Aviator for 11 years. I just read a post about “fighter pilots and organizations” and one of the points was the art of the debrief. so, as I post “stuff” on this blog I attempt to make it all “real time” because those snap shots allow me […]
VooDoo or Sound Principles? Who cares …
Posted on August 19, 2014 1 Comment
for any of you who have followed this blog will attest – I simply live and die by the patterns. They are an edge …and edge is simply something that is more likely to happen than not. If I manage risk then the edge supports making money in the markets. I DO NOT care how […]
a “relative strength ratio” revisted …about to fall off a cliff?
Posted on August 19, 2014 Leave a Comment
CLIFF NOTES: the XLP/$NYA ratio, when it inflects UP or DOWN, has been responsible for every major pivot in the US Equity Structure over the past 14 years. It is sitting on a cliff of support, which if lost, will signify a move OUT OF “risk adverse” asset class of staples and I would expect […]
how about a HOLLAH for the DOLLAH ?
Posted on August 19, 2014 Leave a Comment
CLIFF NOTES: target, essentially, hit on the dollar index. perhaps a little higher?
BAIDU Inc … 1,2,3,4,5
Posted on August 18, 2014 Leave a Comment
Cliff Notes: looked at 190 being 5 complete and, while it did work for a while and drop roughly 20% it wasn’t … so now we sit at 226 or perhaps 240 but either way I see 1,2,3,4,5. So, I was early but like Chipotle, believe in a year it will be much lower than […]
this Mexican Food is HOT ($CMG)
Posted on August 18, 2014 Leave a Comment
CLIFF NOTES: well we looked for a top in/around the 610-620 level and it hit and fell 140 bucks. BUT – it gapped threw the pattern to new highs. I still see a 5 wave count and would bet that this stock is at 250 bucks vice 800 in a year but that gap has […]
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