Uncategorized Category
the Great British Pound redux …
Posted on April 26, 2014 Leave a Comment
CLIFF NOTE: POUND to attack 1.7, make it thru and then set up for a SHORT. If it does not break thru, then waiting for a sell pattern. Am NOT going to try and count the current consolidation. If/when it makes it thru 1.7 it will be quite the cookoff! CLIFF NOTE 2: please see […]
DJ Transports and Utilities updated
Posted on April 25, 2014 Leave a Comment
CLIFF NOTES: I am a patter recognition chartist. I am NOT trying to be overtly bullish or bearish. Just using this forum to show the PATTERNS that area ppearing. On the DJ Transports we have completed a MAJOR AB=CD sell pattern w/ a 1.618 extension. That is bearish. It’s particularly bearish because the pattern using the […]
SPX updated as of April 21, 2014
Posted on April 21, 2014 Leave a Comment
CLIFF NOTES: my initial quick look at the S&P appears wrong from the counting perspective. Once the gap up occurred it signaled the characteristics of a C wave so I readjusted and am looking at a FLAT correction occurring and it should be done at the close today or just a little higher. Expect selling […]
Energy is usually the last shoe to drop
Posted on April 20, 2014 Leave a Comment
CLIFF NOTES: below you will see a butterfly top coming into play in the XLE. 98 and/or 110 should act as major resistance. Let’s take a look at the potential set-up’s coming into play: DJ Transports have completed a MAJOR BEAR pattern w/ the AB=CD completing from the late 1800’s. DJ Utilities have a MAJOR […]
Dow Jones Utilities Long Term (1942) Price Pattern
Posted on April 19, 2014 2 Comments
CLIFF NOTES: major target appearing on Dow Jones Utilities at/around 573. Definitely the stronger of the Dow components but 1) monthly divergence is presenting itself, 2) a possible 5 wave (monthly) count completing, 3) THE AB=CD pattern from the all time low in 1942 is a little higher …so, believe this is the most important […]
this never gets old …
Posted on April 18, 2014 Leave a Comment
CLIFF NOTES: I have NEVER taken an econ or business course in my life. I wouldn’t begin to even know how to look at anything that has to do w/ the fundamentals. I am not saying that fundamentals (CFA) aren’t applicable or don’t work or anything like that … I am only saying I know […]
S&P Cash updated
Posted on April 16, 2014 Leave a Comment
CLIFF NOTES: remember, this has been an amazing 5 year run. with multiple classic patterns completing on a Monthly basis, parabolic charts along w/ rotations from the institutions I favor a continued corrective move. therefore this chart is provided:
And the band played on … ?
Posted on April 10, 2014 2 Comments
CLIFF NOTES: couple days ago, posted the “chart of my lifetime” and it showed a very long term pattern completing on the Dow Jones Transports: the most important chart in my lifetime We did have a break down after levels were hit and, on an intraday basis, a 5 wave count down can be seen. The […]
WMT / SPX ratio revisted
Posted on April 6, 2014 Leave a Comment
CLIFF NOTES: support found in the relative strength of WMT/SPX. When this ratio goes UP the stock market goes down, when the ratio goes DOWN the stock market goes UP. In the world of ratio analysis we are looking at the relative strength of something versus something. This has nothing to do w/ the RSI. […]
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