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BABA update …
Posted on December 5, 2021 Leave a Comment
last post on BABA: https://atomic-temporary-44460632.wpcomstaging.com/2020/08/23/baba-3/ note the thrust coming into this very important .786 retracement node. additionally, we have a 1.618 projection a little lower sitting right on top of .841 retracement. (1/1.1892 = .841 equal octave scale of music ratio) and we can throw in some polarity and bullish divergence so would expect some […]
Ratio Ratio Where Art Though ….
Posted on December 2, 2021 3 Comments
below is our ratio .. if you remember my last post, we were talking about a monthly or weekly close BELOW the consolidation and the market would take off … it started but jumped back into the channel and has been climbing ever since. what has happened in the market? some interesting selling … but […]
AB=CD on the Transports …
Posted on November 18, 2021 Leave a Comment
we last blogged about the “1.618 level” and the fact that we are in the continuation phase of completing a LOT of 5’s or we completed it at the AB=CD. that is one heck of a bearish “wick” on that candle folks … but it’s also a LOT of thrust into the AB=CD so WAIT […]
always have a blast w/ JC …
Posted on November 17, 2021 3 Comments
we follow up on why the 233 – 234 level was such a big deal …. enjoy – some nerdy stuff talked about- your warned.
VALE
Posted on November 17, 2021 Leave a Comment
when we have .618/.786 retracement levels on top of each other like below, it is good probability of support or a nice bounce … I’m not ready to call for a change in trend and this puppy goes from 10 to 30 or 40 but a quick options play in/around 10 for a bounce into […]
UNG – Natural Gas – catch the next wave?
Posted on November 9, 2021 Leave a Comment
last post on NAT GAS / UNG: https://atomic-temporary-44460632.wpcomstaging.com/2021/11/01/ung/ the game plan/strategy is to BUY the first PATTERN in a “new” trend and if it works then probability is that the trend change is real … Energy, Ags, etc. are exploding of late and GLOBAL shortages that are becoming apparent pretty much every day are REAL. […]
NFLX
Posted on November 7, 2021 Leave a Comment
last post on NFLX: https://atomic-temporary-44460632.wpcomstaging.com/2021/10/13/nflx-abcd/ as you can see, the NFLX AB=CD failed by, roughly, 4% and w/ this price point one would have some pretty big exposure if playing single shares ….. I considered that PATTERN failed. that being said, it was a PRETTY HUGE pattern (hence I called it chart of the year) […]
XLP / NYSE Index Updated
Posted on November 7, 2021 Leave a Comment
would still like the ratio to get down to the “major support zone” to get a real feel for the continued bull run. also, continue to watch Banking Index.
IWM … read this post to get your mind blown … if you want
Posted on November 3, 2021 Leave a Comment
last post on IWM: https://atomic-temporary-44460632.wpcomstaging.com/2021/08/30/iwm-and-another-upcoming-chat-w-jc/ holy smokes .. the underlying BULL market that we have right now is pretty amazing … I went on to chat w/ JC of @allstarcharts.com a couple months ago and we talked a LOT about IWM. we went over the MATH of why it stopped where it did and, folks, […]
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