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KIWI Patterns (note plural)
Posted on June 23, 2014 Leave a Comment
CLIFF NOTES: Patterns galore in the 9000-9300 level on the KIWI. AB=CD from all time low (blue) 1.618 extension from 11/1996 AB=CD from 2009 low (purple) Butterfly Top – light blue triangles. I expect the highs to be taken out from 2011 but then a BRICK WALL should stop the advance in it’s place.
McDonald’s (MCD) Strategy
Posted on June 23, 2014 Leave a Comment
CLIFF NOTES: MCD has been stalled at 100 since early 2012. that’s a long time .. we either have some high level consolidation getting ready to explode or some distribution. Here’s what I see … I see a PRICE and TIME pattern completing so my bias is a corrective move. If you look at the […]
EURO vs USD update
Posted on June 23, 2014 Leave a Comment
CLIFF NOTES: the EURO bottomed on June 05,2014. It’s been correcting for 18 (long days). The most recent correction that occurred (intra day) on Friday was, just that, a corrective move in what I believe is the last leg of a “long” flat correction. Targets in/around 1.3700 are a good place to get into a […]
Emerging Markets and Crude …
Posted on June 22, 2014 2 Comments
CLIFF NOTES: note on the EEM chart below the “time” and “price” pattern that has completed for time but, perhaps, we’ll got up and see 45 as the target. This is very key as it has held the EEM back for over a year. The basic concept of polarity is shown w/ regard to the […]
ZILLOW
Posted on June 22, 2014 Leave a Comment
CLIFF NOTES: case can be made for 5 waves. 5th is in progress w/ some targets noted below. Bottom line is this puppy (much like IBB) has NEVER broken a swing low in this run so run w/ this one until a swing low is broken on a “closing weekly basis.” This count sure looks […]
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 …
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