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Pound Negative Reversal Potential – Long Term Chart
Posted on October 29, 2013 1 Comment
i had the wonderful pleasure to teach, for a little over a year, the Capstone CMT III course…the positive and negative reversal arena usually made both me and the candidates head explode. so, if you want to read about it and catch some understanding, Google: RSI negative and positive reversal by Connie Brown. in this […]
US Dollar as of 10/27/2013 9:00 PM EST
Posted on October 27, 2013 1 Comment
in our last post we discussed the importance of current levels on the dollar or the 78.73 level a little lower. in “counting terms” believe the dollar is carving out a major bottom in what can be coined an expanded flat corrective move. if this analysis is correct, I am expecting a major move on […]
stay tuned the BUY on WMT/S&P is complete or perhaps a little lower
Posted on October 25, 2013 159 Comments
the pattern we have been looking at on the WMT/S&P relative strength comparison is complete .. https://bartscharts.com/2013/10/06/the-wmt-greeter-and-inflection-points/ stay tuned, there are some tectonic plates shifting ….
Cobra’s GATE … but use a stop for goodness sake!
Posted on October 24, 2013 Leave a Comment
the emotions are controlled but elevated and then you hear the “fights on, tapes on” and you know it’s time to get er’ done … not often used, but very very effective, is the term “GATE” and that means FULL THROTTLE and MAX OUT on the direction of the threat to ENGAGE and KILL “Cobra’s GATE Barber […]
the Pound, gorilla’s and juggling dynamite …
Posted on October 22, 2013 1 Comment
“once you decide to deploy capital, in any market, realize that you are entering a cage w/ gorilla’s and OBTW they are juggling dynamite” Joe Dinappoli (www.fibtrader.com) STUDENT: Larry what is a good month of trading? (www.tradingtutor.com) MENTOR: “looking at your P&L and seeing $.01 or 1 cent” I deploy capital in one of […]
DJTA from the beginning 10/29/1896 w/ a dose of a 2.6 is 4.0 to me
Posted on October 21, 2013 3 Comments
true confession time … some of you might know and some of you might not know that I spent my first 11 years out of college w/ the privilege and honor to serve in the United States Navy. I flew jets, saw the world and knew absolutely NOTHING about the economy. In fact, here’s the […]
Russell 2000 IWM and it’s repeating moves – CAVEAT EMPTOR
Posted on October 21, 2013 Leave a Comment
measured moves are powerful tools and on long term charts they are very useful for forecasting price moves. take a look at the chart below … the BLUE arrows are the lengths of the bull moves in the IWM. appears the current move will converge nicely in/around 113-114. Then, since we are all working w/ […]
the “Ray Charles” count on BIDU
Posted on October 21, 2013 Leave a Comment
counting waves is hard … you have to develop your eye and you have to figure out when to trust a count or just let it go and “hope” (a strategy) that the count will show itself. I particularly like counts on long term monthly type of charts. simply, all the noise is filtered out […]
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