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the ratio (XLP/NYA) is the ONLY thing I’m watching w/ regard to equities …
Posted on March 21, 2021 Leave a Comment
I’ve been monitoring the ratio, daily, for a while as I really wanted the ratio to go down into the “major support” area as I could then feel probability was on my side to take a crack at shorting the market. yes, shorting the market … if you’ve been reading my blog for a while […]
Yikes …. MAJOR SUPPORT for TLT
Posted on March 18, 2021 Leave a Comment
ton of math coming in 129-131 … for those bond proponents out there, this better hold or we could accelerate even more. figure a daily close below 128 is a failed pattern …
IWM – KEY SUPPORT
Posted on March 18, 2021 Leave a Comment
last post about IWM: https://atomic-temporary-44460632.wpcomstaging.com/2021/02/21/iwm-is-that-it/ that’s the great thing about patterns … they work or they don’t. WHEN they do, they tell you something. conversely, when they DO NOT work, they tell you something. I’ve been showing a 5 wave count in IWM for a while and, just recently, it went up and tagged our […]
Goldman Sachs
Posted on March 17, 2021 1 Comment
well, look at this …. this a MONTHLY BUTTERFLY SELL signal on GS. Target zone is 360-376. Since it’s so large would WAIT for a signal reversal candle before entering a short …the AB=CD is at 360 (bottom range of the zone)
UNG / Nat Gas update
Posted on March 14, 2021 1 Comment
last post: https://atomic-temporary-44460632.wpcomstaging.com/2020/12/03/natural-gas-and-ung/ update: rolling into a BUY zone for both futures and UNG. IF the thesis that a BIG low is in place THEN we should find support and then continue upward. take time to look at the long term Nat Gas Continuous Contract chart … you can see the “major” trend line which […]
don’t forget this target on my favorite ratio …
Posted on March 1, 2021 Leave a Comment
note, on the monthly, looks like we will start the month closed below the key trend line from 2007. and he market accelerated upward. that being said, we are approaching the “target zone” for a lot of math and I also want to call your attention to the monthly RSI and the support zone that […]
German DAX – circle holding
Posted on February 25, 2021 Leave a Comment
original post: https://atomic-temporary-44460632.wpcomstaging.com/2021/01/30/german-dax-hit-top-of-circle/ for now, the circle area holds .. note, as an FYI, wave 1=wave 5 at the target zone …..
New Taiwan Dollar
Posted on February 25, 2021 Leave a Comment
well, the US struck Syria today. Spratley’s are heating up and, well, they always have … made me think of China and Taiwan. Would you check out the BUY PATTERN on the New Taiwan Dollar? Two MAJOR patterns on a monthly chart all coming in/around the same area. PAY ATTENTION.
