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Home Depot 2-4 dollars from judgement day
Posted on August 12, 2014 Leave a Comment
CLIFF NOTES: another pattern beginning from the all time low is completing in the 84-87 area. As HD reaches towards new all time highs, this pattern is sitting right in front of it.
Crude approaching/at key buy pattern for support
Posted on August 10, 2014 Leave a Comment
CLIFF NOTES: a nice TIME and PRICE pattern coming in a little lower on crude for the buy. the reason this price pattern is so key is that, since the low in 2009, NO SWING LOW has been broken (shown by the blue arrows). So, it’s going to be very key for this pattern in […]
USD vs JPY an update
Posted on August 8, 2014 Leave a Comment
CLIFF NOTES: intraday, the pair has just completed a 5 wave movement down. folks, it’s a tough count in that we are either a-b-c complete and we move UP and highter above 103 from here OR we subdivided and after this brief bounce we continue down to attack the 101 level which has held for […]
is MSFT making the move?
Posted on August 7, 2014 Leave a Comment
here’s the last post on MSFT: https://bartscharts.com/2014/06/29/msft-microsoft/ take a peak at the RELATIVE STRENGTH of MSFT vs AAPL. No doubt this isn’t too surprising. HOWEVER, it can’t go any lower, can it? Perhaps, just perhaps, MSFT starts to out perform AAPL from a relative strength perspective? the CHART says it can’t get any worse …
Chinese Yuan Pattern forming ….
Posted on August 7, 2014 Leave a Comment
For years institutions have “bet” on the continued strength of the Yuan as a “safe bet.” That might have all changed around mid January of this year … from Jan-March the Yuan weakened appreciably. To quote one news article – “this move is particularly notable, as the yuan has broken through the 6.20 yuan per dollar […]
Gorilla’s juggling dynamite … and the US Dollar a redux
Posted on August 6, 2014 Leave a Comment
the post below is from February 13, 2014 and I believe it’s important to rehash the most recent moves in the US Dollar. Believe this move has room to go, however, we need to patiently wait for a corrective pattern to form. this move in the dollar is real so try to get long in […]
Last call .. shots of XLE being served at the bar! (update 08/05/2014)
Posted on August 5, 2014 Leave a Comment
Update – I want to share this post w/ you again. Why? Well, in looking at the XLE tonight I haven’t seen any bearish (long term) divergence appear. So, what does that tell me? XLE has the potential to go up to our targets mentioned below to produce the bearish divergence. And, as we have […]
Ratio patterns holding …
Posted on August 5, 2014 Leave a Comment
CLIFF NOTES: we’ve shown the sector rotation being shown by ratio analysis before. we’ve also shown how every major inflection (up and down) has been due to the ratio’s bottoming or topping. we’ve also shown how patterns have failed to hold and have confirmed the move higher in stocks the past few months …well, for […]
POUND parabolic DOWN … look for a BUY
Posted on August 3, 2014 Leave a Comment
CLIFF NOTES: in the past posts we have shown parabolic arcs UP and now, w/in the context of the intra-day world we have a culminating/parabolic move DOWN into the .786 and/or the .866 region. (hint hint – the POUND likes the .886) When we reach this parabolic structure to the downside it’s “usually” the limit […]
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