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the method behind finding the EXACT top in IBB
Posted on February 23, 2014 Leave a Comment
08/02/2014 – IBB has completed a PERFECT buy (price and time equality) PATTERN and believe the result will, more than likely, give us a good flavor for the rest of the equity market in general. Why? Well, this was a PARABOLIC move and if it keeps going then the “overall” mindset of the equity market […]
Dollar Index Positive Reversal forming on daily …
Posted on February 19, 2014 1 Comment
cliff notes: 55 calendar days on 2/20/2014 from the last low in the US Dollar BUY patterns present and have held but have not confirmed a low in the dollar still a level at 79.50-79.60 positive reversal (bullish) pattern present on the dollar index last post on the dollar: Gorilla’s juggling dynamite … and […]
Utilities (DJUI) update
Posted on February 18, 2014 Leave a Comment
Utilities as a safe play … not yet! Utilities broke out of the potential triangle ID’d a couple days ago … the move up had volume and note the large candle present. The chart below shows the next pattern w/ regard to a bearish outlook on the Utilities sector. if this level does not hold I […]
GOOG
Posted on February 15, 2014 1 Comment
go to the home page and search GOOG. You will quickly see it has been the bane of my existence … tried a short in/around 920 and was SMOKED. looked for another pattern in around 1080 ish and that got SMOKED –so how do you keep the faith of the readers of this blog ? […]
FB updated …
Posted on February 15, 2014 4 Comments
here’s post from September 2013 showing BUY recommendation on FB in/around 16-18. FACEBOOK …. here’s a look at the high flyers w/ FB included … “this stock is going to get smoked” was pre-mature but do believe the RED ARROW is where it’s going. Correction should take it down to HIGH of IPO price around […]
I love this chart …
Posted on February 15, 2014 1 Comment
the WX in Northern Virginia today is just down right ugly … snow, winter mix, wind has picked up. Have been doing posts, checking on the wife w/ a herniated disk and the 9 year old w/ a sinus infection and then playing Pink Floyd looking for patterns. As I was going thru the charts […]
AAPL – window closed, buy in around 260-270
Posted on February 15, 2014 Leave a Comment
AAPL and GOOG patterns completing … well, I guess we’ll see … if you go to the link above you’ll see the work that has been done on AAPL. And, while the AAPL work has called EVERY swing low and swing high – GOOG has kicked our butt. Patterns work and Patterns fail …but they are […]
around the world update … part II
Posted on February 15, 2014 Leave a Comment
Around the world update … the link above is where you’ll find our around the world cruises since August. this post is an update …what do we see? nothing has changed, significantly. none of the international indices have made new highs like the US equity markets … patterns have provided resistance, BUT not necessarily overt sell […]
Gorilla’s juggling dynamite … and the US Dollar
Posted on February 13, 2014 2 Comments
Early in my career I had the wonderful opportunity to get training from Joe Di Napoli (www.fibnodes.com) Highly recommend learning some of his techniques but, most importantly, his understanding of the market structure and the players in the game. One of his favorite sayings is we must realize that “you are entering into a […]
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