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DJIA since 1897
Posted on April 10, 2024 Leave a Comment
Appears we have a pretty important trend line w/ big bearish divergence on the Monthly. Note, cropped the wick in 1929 to hit the highs in 2000 and 2022.
The Markets – March 24, 2024
Posted on March 24, 2024 1 Comment
The NYSE Index HIT the square out at 18, 059 and reacted very very minimally (which surprised me to be honest) and is walking up the wall of worry. Today that level is at 18,070. As you can see above, we have not CLOSED ABOVE the 1:1 trend line from the all time low and […]
Bitcoin – March 17, 2024
Posted on March 17, 2024 3 Comments
I feel “pretty good” about this count as it’s been tracking ever since the “top” at 3. Certainly appears we are in THE 5th wave … it could mark a 1 but either way, when complete, I do expect quite the meltdown. No rules have been broken thus far – Thus – looks like a […]
NYSE Index – March 03, 2024
Posted on March 3, 2024 Leave a Comment
The concept of a “square out” is one of the most important in all of harmonic trading. In this case, we believe that PRICE and TIME are the same thing … they are a NUMBER and they are intertwined. Say price makes a high (or low) of 50 … then 50 seconds, 50 hours, 50 […]
NVDA – February 19, 2024
Posted on February 19, 2024 Leave a Comment
Last post on NVDA: https://atomic-temporary-44460632.wpcomstaging.com/2023/08/11/nvda-august-11-2023/ When I look back at NVDA it’s been an interesting ride. I don’t trade it or own it, I enjoy charting it as a barometer of the overhyped insanity of this market. And, it’s a good use of my time picking off points of inflections and such .. I’m actually […]
KRE – February 18, 2024
Posted on February 18, 2024 1 Comment
Here is an intraday look (30 minute) chart of KRE. A “near perfect” sell pattern has formed .. ideally, we would like the KRE to make a move up into the short zone. Remember, IF this pattern fails (say that is a close (daily) above 62) then, I do imagine this will cause some fuel […]
DPZ – February 13, 2024
Posted on February 13, 2024 Leave a Comment
These are the type of shorts you wait for….which, of course, always means it could fail miserably so always have a risk controlled gameplan. If we break from current levels then try some short … or go full short if you really want, but I’ve been burned not waiting for the ABCD but with the […]
Natural Gas – February 12, 2024
Posted on February 12, 2024 Leave a Comment
The Monthly (continuous contract) Natural Gas pattern has failed. CTRL-ALT – DEL UNG: expect support in/around 10-12, wait for a WEEKLY/MONTHLY signal reversal and BUY. Take note of the RSI – haven’t pulled this rabbit out of the hat in a long time but – someone take a look and check on me – but […]
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