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USDJPY – July 06, 2023
Posted on July 6, 2023 3 Comments
Well, this is one of those that you wait, in this case almost 9 months, for the pattern to appear. I almost tried it at the ABCD but something just told me to wait. Now, we have a 1.618 price projection right on top of the lovely .786 and a bunch of other ratios. Why […]
XLE – July 06, 2023
Posted on July 6, 2023 2 Comments
I’m a tad perplexed on this chart as one can make the case for some bullish action BUT I’m not even to try and count the different machinations and I don’t want to “could have would have should have” when it comes to my wave counts … I’m picking lower simply because of the last […]
Interest Rates – July 06, 2023
Posted on July 6, 2023 1 Comment
I posted the chart below a little while back … it’s a chart of the ten year interest rates and what I’m trying to show is that, yes, banks and a lot of people got caught w/ the rising interest rates. Folks, it took 40 years to rise the 700 ish % .. we’ve done […]
UNG – July 6, 2023
Posted on July 6, 2023 Leave a Comment
Last post on UNG/Nat Gas: https://atomic-temporary-44460632.wpcomstaging.com/2023/04/04/natural-gas-ung-april-4-2023/ Looks like a pretty clear 5 waves up that doesn’t break any rules … and now a nice 3 wave correction for the buys zone in the 6.60 “area.” Again, this entire thesis is predicated on the long term MONTHLY PATTERN of the Natural Gas Futures below. We “should” […]
Island Reversals
Posted on July 6, 2023 Leave a Comment
I’ve been watching the financials, junk bonds and other important stocks …depending on the closes today. Here’s some important island reversals … WATCH THE CLOSE:
PFE – July 05, 2023
Posted on July 5, 2023 2 Comments
Last post on PFE: https://atomic-temporary-44460632.wpcomstaging.com/2021/08/04/pfe/ As shown above, the market took PFE up to the monthly ABCD and since then it’s been straight down for PFE. That being said, looks like some pretty strong support for PFE in/around the 34-36 level. If / when we lose that level, it appears the next “real” support is […]
NYSE Index – July 03, 2023
Posted on July 3, 2023 1 Comment
Just like the last post on the Banks ( https://atomic-temporary-44460632.wpcomstaging.com/2023/07/01/xlf-financials-july-01-2023/ ) the NYSE Index – an index composed of all the stocks traded on the NYSE (~5000 securities) – is tipping it’s hand and showing a VERY important SELL PATTERN. In this case, we have ABCD in PRICE and TIME. If this market is bearish, […]
XLF – Financials – July 01, 2023
Posted on July 1, 2023 1 Comment
Trust that everyone enjoys the long weekend enjoying the Birth of our Republic. Question, when is the last time you hear a politician refer to the United States as a Constitutional Republic? I pledge allegiance to the flag of the United States of America and to the _______ Republic or Democracy for which it stands? […]
Ratio Analysis Time – June 28, 2023
Posted on June 28, 2023 Leave a Comment
Was over on the Top Gun options group chat working some NVDA charting and I decided to pull out some ratio analysis on the XLP and NVDA. XLP/NVDA Some stuff we need to consider: Note the red trend line connecting the lows .. it’s a perfect fit. Certainly suggests the “ratio” is about to rise […]
JNK Geometry – June 27, 2023
Posted on June 27, 2023 1 Comment
Spent some time on JNK today/tonight and tried some square outs in both calendar days and planets and blah blah blah. Even pulled out the Pythagorean ABC^2. To no avail .. then, I thought I’m “curve fitting it” so I just started to do some geometry. I’ve been sketching before I meditate based on Robert […]
