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Ten charts that prove Technical Analyis is valid and PATTERNS exist and give you an EDGE
Posted on May 29, 2014 Leave a Comment
CLIFF NOTES: in Mark Douglas’s amazing work, on page 132 of Chapter 8 he defines an edge as “nothing more than an indication of a higher probability of one thing happening over another.” My edge is pattern recognition based on square roots and the inverse of those square roots. As my friend and mentor Larry […]
S&P 500 still squaring out price and time
Posted on May 29, 2014 Leave a Comment
CLIFF NOTES: the cash S&P closed at 1909.78 yesterday. 1909 days ago was 03/07/2014. Price is equal to time …What I have also shown is, simply, how powerful this move IS … zero, notta, none, null set, etc. describes a single swing low being broken. Note the blue lines … we have discussed them before. […]
Loonie vs the USD and how to build a case for managing risk …
Posted on May 23, 2014 Leave a Comment
CLIFF NOTES: I think the “blue box” will be major support. On more than one occasion I’ve been asked if flying F-14’s has helped me investing. The answer is YES and NO. Yes because it made you appreciate risk, be methodical and “check list” oriented and, believe it or not, become somewhat analytically motivated. But, […]
Where did that Crude Oil Support Trend Line Come From?
Posted on May 22, 2014 Leave a Comment
Cliff Notes: if your new to this blog you’ll find that it’s all based on geometry and pattern recognition. If you take a look at weekly crude it’s not hard to see that beautiful support line that’s been holding crude up since September 2009. So, when I see that I say “why” and “what’s important […]
XLE (Energy) and Sector Rotation …
Posted on May 21, 2014 1 Comment
just showing by the chart below 1) a 5 wave count since it’s inception and some targets and 2) the sector rotation guide that shows energy peaking last before the cycles turn down. we have shown many many PATTERNS that are calling for a sell. Some have worked, some haven’t but as you can see […]
update to the “chart of my lifetime”
Posted on May 21, 2014 Leave a Comment
CLIFF NOTES: we are up almost 3% above the PATTERN that completed from the all time low on the transports some 46,000 ish days ago. Is that statistically significant? Well, I honestly don’t know. We do have the 1.618, 1.68179 (musical note F#) and the 1.732 extension targets that are being played with …so, my […]
the EUROZONE the P I G S and the ECB
Posted on May 20, 2014 Leave a Comment
CLIFF NOTES: the yields on the Italian and Spanish bonds had a big jump last week. The question is – will the ECM support the bonds? These are price swings that must be watched closely. I honestly don’t know IF (the BIG IF) the ECB can support the market but it must be watched. I’ve […]
YEN is about to get really interesting …
Posted on May 19, 2014 Leave a Comment
CLIFF NOTES: 99.40-99.80 is where we “should” see some support come in … take a review at the charts below. as you can see we have finished 5 waves up at the 105.40 handle. (note, see this chart below as the 5th wave was completing we were calling for it) so, since we have finished […]