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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 […]
US Steel … defying kryptonite (?)
Posted on August 17, 2014 Leave a Comment
CLIFF NOTES: this break out looks real! So, we have completed a pattern and would look to BUY in/around the 32 level as that should offer support and look to hold this for an investment…. a mirror image foldback is a great pattern to see and fine … basically a PATTERN comes into a level […]
is the Sun going to set or rise in Japan (aka the Land of the Rising Sun)
Posted on August 17, 2014 Leave a Comment
CLIFF NOTES: for the reasons shown below, 102.70 is the KEY level for the USD vs JPY. If we exceed this level, then believe the USD will begin to soar again vs the YEN. Going to try and work thru the entire “Elliott is good // Elliott is bad argument” by simply saying when […]
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