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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 […]
A REVISIT OF THE DOW IN CHARTS FROM NOV 2013
Posted on May 17, 2014 Leave a Comment
Cliff Note – besides DIS (which I think I have now found the pattern) the “DOW in charts” from NOV 2013 seems to be working. it’s amazing that it’s been 6 months. recommend taking a look at this post and put the current side by side – https://bartscharts.com/2013/11/27/the-dow-components-in-charts/
Fixed Income …at the inflection point
Posted on May 16, 2014 Leave a Comment
CLIFF NOTES: target hit on the long bond, last target hit on TBT, RYJUX hitting some key support. No doubt the move up from the neckline and multi month consolidation is a big deal and now we’ll see if the neckline is attacked as we are suggesting. Note, it already came down and bounced off […]
Vesica Pisces and the Euro vs USD
Posted on May 10, 2014 2 Comments
I woke up this AM and decided to do the Vesica Pisces for the EURO. Not sure why, just did, so below you’ll find the construction of the Vesica Pisces using the Euro as our template. Background – in the ancient times the VP was used as the archetype for construction of everything. From the […]
