Uncategorized Category
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 […]
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:
