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USD Index – close to a BIG move UP?
Posted on February 22, 2021 1 Comment
if you have been following my blog, you’ll remember the big measured moves that were around when the dollar was carving out THE low. they have appeared/are appearing again. w/ a wrinkle … using “basic” monthly cycle tools you can see that we have a BIG cycle coming in this month which lines up w/ […]
IWM – is that it?
Posted on February 21, 2021 2 Comments
adding to this last post about IWM: https://atomic-temporary-44460632.wpcomstaging.com/2019/03/02/iwm/ I’m teaching my son about “advanced” Pattern Recognition … it’s fun and the big thing we keep hammering into each other is trade what you SEE not what you think/believe. (thanks Larry P) well, here is IWM. what do I see: a VALID wave count that breaks […]
Transports – a LOT of degrees of trend coming together … heads up
Posted on February 21, 2021 2 Comments
it’s time to really start paying attention to the market across the board. in this case, there is a high probability that this count is correct. I was able to use some of the data from the peeps at http://www.elliottwave.com. I enjoy their newsletter and while sometimes too early, in the end, they have proven […]
the Ratio … XLP/NYA giving us clues
Posted on February 14, 2021 1 Comment
the last time I posted about the XLP/NYA was here: https://atomic-temporary-44460632.wpcomstaging.com/2021/01/24/ratio-analysis-key-level-hit-on-the-xlp-nyse-index/ as you can see, the ratio hit this level, held and the market sold off for a couple days. the market strength the past week has been impressive and, with that, the ratio “failed” at the level indicated and, as you can see, we […]
XLP/NYA ratio update
Posted on February 1, 2021 Leave a Comment
the PATTERN failed this AM and the market pushed higher. for a correction in the market to continue in earnest, you can see we need the .786 level to hold. right now, the low back in late/mid January should not be taken out to the downside w/out a little more pullback in equities. also, note […]
XLP/$NYA – intraday update
Posted on January 30, 2021 Leave a Comment
XLP/NYA hit a nice buy pattern on Friday and based on the entire days action, there is another “minor” buy pattern appearing. if both of these hold, then the staples should continue to outperform which traditionally causes equity weakness. if we lose the levels, then we have the .786 ratio a little lower … either […]
Ratio analysis, key level hit on the XLP/ NYSE Index
Posted on January 24, 2021 2 Comments
we have a very KEY level of support on the XLP/NYSE Index ratio. as you can see below … we have the measured move (dashed red line) equal to the largest correction in the ratio since the low in 2007 and w/ that the lowest level on the RSI in 12+ years. note, a bullish […]
How logarithm’s, music and math yield 40,655 as a target for the DJIA
Posted on January 20, 2021 3 Comments
If you have gone down the rabbit hole that I have (hint it never stops) then you uncover tidbits of information that you would never think were important but one of those moments of “that’s cool” and move on … I am eyeing a NICE currency position and then ended up cruising around the charts […]
