Uncategorized Category

TSLA-rocket ship – updated – updated-update-update resolved

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 […]

Read More

Technology – kaboom

watch this ratio as a key to provide support and resistance for technology names …

Read More

the ratio has HUGE support

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 […]

Read More

Advanced Micro Devices

AMD has been on a TEAR since 2015. from a wave perspective believe we have a little higher to go for a target of 60-64 and if that is taken out then 77-80. the math of the current high (59.35) is working out so this could be it also … from a wave perspective the […]

Read More

the Crude Oil Complex

charts suggest a near term low in place for crude and a bounce (a bounce only) to be expected …

Read More

Ratio (XLP/NYSE Index) update

probably triangle completing which should resolve w/ a continuation of the bull trend in the ratio = negative for equities

Read More

DBA – a target finally hit …

long term BUY targets being hit on the commodity ETF DBA

Read More

Crude Oil

w/ the SELL pattern on Gold/Oil complete then a corresponding BUY of oil is a probable pattern up into 32-33

Read More

Banking Index SELL PATTERN complete

the banks lead us up and lead us down … continued strength which causes a failed pattern is needed by the banking index right here …

Read More

NFLX

I have done another 4-5 charts on NFLX w/ varying counts and corrections – the problem (and this is what sucks about Elliott) is they all “might” be right … but, they are CORRECTIONS in an ongoing BULL market so I’m going to just leave this stair step chart up and then leave the rest […]

Read More