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BABA
Posted on August 23, 2020 1 Comment
a lot going on in this chart … bottom line is either here or a little higher we have significant resistance with the most “basic” of price projections completing the AB=CD. in this case we have two AB=CD’s a larger orange one that starts at the all time low around 58. and a “fractal” blue […]
A look at Gold …
Posted on August 11, 2020 Leave a Comment
that was one heck of a breakout from the triangle back down around 1350! yikes … played the triangle well but took profit WAY too early. but, then again, anytime you can say “took profit” then yeah! why would you take profit w/ the mania that is gold … and that’s the reason: “mania.” Sentiment […]
Facebook – strong resistance hit
Posted on August 10, 2020 Leave a Comment
we have 4 aspects of FB that show the ATH to be significant resistance. two 1.618 extensions, key trend line resistance and a projection from the ATL and while it exceeded .618ab*cd you can see as discussed in this blog it did hit the .68179ab*cd (musical note ratio) so we can see why this level/area […]
XLK / XLP – still has major resistance just a little higher!
Posted on August 5, 2020 Leave a Comment
we had a sell off on the ratio a couple weeks ago BUT there was not follow thru and we still have the lingering level just a little higher which is the real test … again, until we have a strong weekly close above this level I’m in the conservative/flat camp as far at the […]
Dollar Index … here we go and UPDATE
Posted on July 21, 2020 Leave a Comment
Dollar Index … some big picture considerations.
TSLA-rocket ship – updated – updated-update-update resolved
Posted on July 12, 2020 Leave a Comment
12/9 – 5 waves up complete .. is this the 5 or 1 of 5? don’t know and don’t care. expect a pullback from here … lot’s of gaps on the way up so stand by … _______________________________________________ 11/29 – TSLA blew thru the SELL PATTERNS shown below (11/19/20). the way it just took off […]
Technology – kaboom
Posted on July 6, 2020 Leave a Comment
watch this ratio as a key to provide support and resistance for technology names …
the ratio has HUGE support
Posted on June 8, 2020 Leave a Comment
can’t believe it’s been since mid-april since I posted about the market. at the time, I spied a triangle forming which proved to be wrong and it broke down and the market has continued it’s advance. humbling for sure .. when I was working up the triangle thesis I came up w/ the level that’s […]
