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BITCOIN

The notable aspect of Bitcoin is the CRUSHING of the Gartely 222 SELL PATTERN in/around 14-15k. As you have seen me blog before, failed patterns aren’t fun because IF you took the investment/trade THEN you probably lost money. But, to try and figure out “where” you are they tell you a lot. The “usually” result […]

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WFC Wells Fargo

support imminent ….around 18-20

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GOOGL – SELL PATTERN

SELL PATTERN completing a little higher and its behavior will give us a good idea of the overall market …

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ITB

we have two long term extension targets along with a long term AB=CD. big resistance/target ahead.

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UPS and DJ Transportation (update II 10/28/20)

Just a little higher and the Dow Jones Transportation Index hits a major long term target ….

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how do we ‘find’ a level?

the FX market is the biggest market in the world w/ trillions of dollars traded every single day … yet, that being said, based on nothing more than math we can derive a nice pattern/ level to go long or short. I think that is kind of cool … where to start? I like to […]

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Banks – HUGE support

Banks are very important to the overall health of the market … key support approaching! monitor closely …

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Banks – where are they?

there is an old adage – the banks lead you up and lead you down. the market has blasted to old all time highs or thru them and the banks…? well, they rallied a little but have not shown the strength of the overall market, especially technology. let’s keep a close eye on them over […]

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XLK/XLP update – Ratio Analysis and the power of waiting – update 11/5

11/05/2020 – yes, some insanity is ongoing everywhere. that being said, we trust PATTERNS and tune out all the noise. In this case, we had the expected reaction to the resistance levels sighted below and, now with this rally, we have another SELL pattern coming into play. SELL THE RATIO = SELL TECH. NOTE – […]

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Muni’s … key, again

MUB has very strong resistance above and look what happened the first time it hit this level.

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