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Canopy Growth
Posted on August 25, 2019 1 Comment
when looking for a pattern (BUY or SELL) we do 3 things .. project, extend, retrace. in the case of CGC we have a ‘zone’ of support in/around 16.50-20 to look for a buy pattern. the projection – in this case the simple one is the blue arrow and we have the classic AB=CD or […]
Value Line Update
Posted on August 18, 2019 Leave a Comment
note, nice and PERFECT BUY on the Value Line – hit on Friday. in order to remain bullish, need this level to hold …
MUB – Muni’s
Posted on August 18, 2019 Leave a Comment
looks like a nice breakout from a 6 year resistance zone … that being said, a LOT of number coming together around 118-121
Trendlines
Posted on August 14, 2019 Leave a Comment
nice little trendline ‘creator’ that Michael Jenkins taught me .. when the markets start rocking and rolling I like to find out what the ‘true’ trend lines are telling us … in this case, certainly can make the case that Mars Helio trend line has been important – just look at the chart below. let’s […]
TBT
Posted on August 8, 2019 Leave a Comment
09/12/2019 – as discussed below, took my lumps on trying to go long TBT. so am watching it to try another LONG (yes LONG) TBT. note the volume spike and also the 52 ish percent moves down seem to cause bottoms. also, take a look at the 30 year continuous chart … we very well […]
Crude – BUY PATTERN in/around 52-53
Posted on August 6, 2019 Leave a Comment
like the EEM … big support here. if we lose it, look out below … note, the 15 minute and 240 minute patterns … it shows the fractal nature of the market and, in this case, we have a pattern (15 minute (orange w/ dashed black outline) w/in a BIGGER 4 hour pattern (light blue) […]
EEM – big BUY pattern
Posted on August 6, 2019 Leave a Comment
note, we finished a very nice BUY pattern on the EEM yesterday. it was nice in both PRICE and TIME. it ‘held’ in/around 38’s but is plowing into a pretty big daily gap. additionally, the THRUST into this level was pretty significant. any further weakness below the 38’s is significant for EEM. also, note .841 […]
Semiconductors
Posted on July 27, 2019 Leave a Comment
the biggest thing that I’m seeing is we are finishing an AB=CD in percentage terms of around 878.48 percent right at the 1.27 extension from the 03/2000 high. throw in a little bit of bearish divergence on the monthly and I’ll surmise we have some stiff resistance coming in from 1684-1856. Note, if (the big […]
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