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Palladium at major resistance …
Posted on August 24, 2014 Leave a Comment
Cliff Notes: Palladium converging into to major resistance. This is important because it’s a nice little commodity to watch w/ regard to the NASDAQ and AAPL. In order to build the pattern we are going to to go step by step this morning into “why” Friday’s high was important from a PATTERN perspective. 1. First, […]
Interest rate forecast …
Posted on August 22, 2014 Leave a Comment
8/22/2014 – if you read below you’ll read “my bet is on the TEN YEAR holding this low and starting back up ….” If that is the case then we have a VERY NICE PATTERN appearing on the Ten Year Treasury Yield that has multiple confirmations going for it ….remember folks, this is a 5 […]
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?
