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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 […]
Jackson Hole … let the games begin
Posted on August 17, 2014 2 Comments
CLIFF NOTES: folks, follow this link to catch up on the Fixed Income story: https://bartscharts.com//?s=fixed+income CLIFF NOTES 2: this is a tough one … the pattern in the fixed income market (30 year) failed and has gone much higher//the pattern on TBT failed. HOWEVER, the long standing target on the TEN YEAR Treasury Yield was hit […]
DBA – be patient, now let’s follow up.
Posted on August 15, 2014 Leave a Comment
CLIFF NOTES: Corn and Wheat have hit their targets. Would still see risk below the .841 retrace on Wheat but believe these patterns are complete. Need to wait a little while longer on Soybeans … Charts .. […]
Gold and Silver Update ….and some more of the metals
Posted on August 13, 2014 Leave a Comment
CLIFF NOTES: a case is made, below, that inflection points in the ratio of GOLD/SILVER cause big movements in the spot gold and silver prices. Also, it appears that Gold lags. We are at a resistance level which “might” be one of those inflection points so expect the metals to get moving NOW or SOON. […]
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