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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 […]
More Pumpkin Soup … added a new ingredient to the recipe: GOOG.
Posted on October 21, 2013 1 Comment
classic or not that certainly proved to NOT be a head and shoulders neckline but a launching pad for a SATURN 5 and kaboom it exploded. as you can imagine the short well, took it on the chin to say the least: http://www.youtube.com/watch?v=05PKG_pWsVY ! Howard (Founder/CEO of Stocktwits) commented “as for me, I’ll stay long.” WELL PLAYED […]
Plotting the next move in fixed income …
Posted on October 21, 2013 Leave a Comment
fixed income has bounced rather nicely and now the big question is “are we going to go to new highs?” 1.5 years ago, as fixed income flirted w/ the all time highs for 5 months we correctly saw multiple correlations that put the sell pattern present in context … http://allstarcharts.com/are-interest-rates-at-a-key-inflection-point/ from there, the bonds fell […]
Part 2 of Part 1-V on the S&P
Posted on October 20, 2013 Leave a Comment
Part 1 was a look around the world at different equity indices based on ETF’s: https://bartscharts.com/2013/09/14/part-1-the-sp-500-but-first-we-need-to-go-around-the-world/ of note is the Global Equity ETF (ACWI) and the SELL pattern that is appearing as we showed in our last “around the world” update shown below. Overall, nothing to crazy but the analysis appears to have been correct. […]
the joys of the puzzle …
Posted on October 18, 2013 2 Comments
a couple days ago I posted about the US Dollar missing my lower target and the potentiality of a bottom and even saw a “nice” inverse head and shoulders that IF it broke thru would be a bullish signal. it didn’t and, now, looks like my lower target is going to be attacked. quite frankly, […]
QUALCOM Confluence ….
Posted on October 16, 2013 Leave a Comment
PROJECT then EXTEND then RETRACE … for QCOM they are all coming together a little higher. Frankly, never seen this many ratio’s come together. Stay tuned BUT that’s all she wrote ….
the Shutdown and the US Dollar
Posted on October 15, 2013 Leave a Comment
my first post was almost two months ago and it concerned the US Dollar: https://bartscharts.com/wp-content/uploads/2013/08/august-20-2013-us-dollar.png and then it was updated: https://bartscharts.com/2013/10/01/dollar-index-done-or-correcting-or-a-little-lower/ we probed the lower level but never quite reached my area that I had been watching for two months as the place to attempt the long on the USD versus either the EURO or the POUND. this […]
Gold/Silver Index … continuing the thread
Posted on October 11, 2013 Leave a Comment
here’s the previous Gold/Silver Index posts: https://bartscharts.com/2013/10/03/gold-silver-index-a-guide-for-the-yellow-brick-road/ so, as you can see the geometry is sure starting to unfold for a “double bottom” type of scenario and then, potentially, higher. If you read my Gold posts https://bartscharts.com/2013/09/07/good-as-gold-part-1-of-2/ https://bartscharts.com/2013/09/08/good-as-gold-part-2-of-2/ then you’ll see how I’m looking for one more move lower on the Gold to set up […]
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