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quick look at China
Posted on April 27, 2014 Leave a Comment
in what appears to be the largest IPO ever ALIBABA should be coming to the street …pushing the limits of 20 BB it’s something to be watched. Not for the John Q Public but for the banks Credit Suise, Goldman, Morgan Stanley, etc. are going to make 100’s of millions on this one. So, I […]
Silver and 14/oz
Posted on April 26, 2014 Leave a Comment
Cliff Notes: sure looks like a 4th wave triangle working out …a,b,c,d,e and we are in a rally up for e and then down into 14. EXPECT 14 to be BIG TIME support. Also, this is showing the high as 3. I have mentioned before I am really not sure if it was a 3 […]
DISNEY (DIS)
Posted on April 26, 2014 Leave a Comment
CLIFF NOTES: recommend take profit w/ a weekly close below 76.
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 […]
Bart's Charts 