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INTC on the move
Posted on June 20, 2014 Leave a Comment
CLIFF NOTES: INTC is on the move breaking thru and CLOSING (KEY) at the high end of the range, above a 9 year resistance line and now testing the higher end of the bearish resistance zone on the RSI. The base it has moved up from has carved out an inverse head and shoulders in […]
Gold game plan potential
Posted on June 20, 2014 Leave a Comment
CLIFF NOTES: prior Gold work – https://bartscharts.com//?s=gold CLIFF NOTES 2: 1370 will be key to the last leg of a triangle, thrust DOWN and out of the triangle and then a BUY. CLIFF NOTES 3: note the first chart. Again, it’s ratio analysis of GLD vs SPY. What we are looking for is a PATTERN to […]
Sugar – that was some gap up!
Posted on June 20, 2014 Leave a Comment
CLIFF NOTES: previous Sugar work – https://bartscharts.com//?s=sugar CLIFF NOTES 2: am going to have to go back and “see” why 16 didn’t hold but we went thru our target area by a buck and are rallying again. Most recent gap, is to say the least, pretty impressive. Folks, looks like it’s time to get on the […]
EURO gameplan w/ FED meeting on tap
Posted on June 18, 2014 Leave a Comment
CLIFF NOTES: trust your indicators. MONTHLY RSI (blow up) – when I use to teach the capstone CMT Level III course RSI portion I used to say “look for the key transition.” The market will tell you when it’s “shifting a grid,” so to speak. The Monthly RSI is showing us that the BEARISH RESISTANCE […]
WYNN should go back to 175
Posted on June 15, 2014 Leave a Comment
here is the work leading up to the HIGH in WYNN: https://bartscharts.com//?s=wynn here is an updated look … case can be made for a move back to 172-176. Note the swing lows …
FXI and Copper
Posted on June 15, 2014 Leave a Comment
CLIFF NOTES: the key w/ PATTERNS is they enable one to make adjustments, develop gameplans and manage risk. In this case, we have a SELL pattern appearing on FXI. The correlation w/ Copper is pretty high. In our last post we showed the “probability” is HIGH that the Copper will fail the support level at […]
Copper Script Part II
Posted on June 15, 2014 Leave a Comment
CLIFF NOTES: the probability is high that we break the key support line in/around 3.0 that has been holding copper up since 2010. CLIFF NOTES 2: here is the link to the “Copper Script Part I” to watch how a BUY was recommended in the midst of the crash in 2009: https://bartscharts.com/2013/12/20/the-copper-script/ Note, a potential gameplan […]
Last call .. shots of XLE being served at the bar!
Posted on June 14, 2014 Leave a Comment
CLIFF NOTES: a picture does paint a thousand words. So there are some pictures below. I’ve included the chaos that was 2009 just to demonstrate that, guess what, at the lows in 2009 a BUY appeared on the XLF (Financials) and guess what … when I was Chief Technician for the When 2 Trade Group […]
Dow Jones Transports and the Major Seventh …
Posted on June 12, 2014 Leave a Comment
CLIFF NOTES: more than likely, you saw my long term transports post a couple months ago and as this target got attacked I was truly looking for a “little” resistance. I mean, come on, it was the ALL TIME LOW to the “old” ALL TIME HIGH and we have a 1.618 extension RIGHT ON TOP […]
monitoring the top 10% weighted sectors ….
Posted on June 12, 2014 Leave a Comment
I really liked this post: https://bartscharts.com/2014/03/16/swing-low-sweet-chariot/ CLIFF NOTES: our PATTERNS have been hit across the board in the top weighted sectors of the S&P. However, doesn’t mean a darn thing till the swing lows are taken out. Review the post above …
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