Uncategorized Category
NYSE Index Targets
Posted on December 22, 2018 Leave a Comment
Well, the support level shown in my last post was defeated on Friday. We also closed ‘below’ old resistance so it looks like ‘polarity’ didn’t work here. All I’m trying to do is find the ‘bounce’ area as cycles suggest into end of January/early Feb. So, here’s some targets on the NYSE Index that I’ll […]
Big Support on NYSE Index
Posted on December 21, 2018 Leave a Comment
‘hope’ – a strategy – it holds for now.
NASDAQ – huge trend line support being attacked
Posted on December 16, 2018 Leave a Comment
12/16/2018 – take note of the MONTHLY LOG scale on the NASDAQ Composite. I’ve outlined 3 critical areas to monitor on the chart. Also, you’ll see in the second chart that back last March we ID’d the 7600 ish area as the target zone. The market went another, roughly 5% and then ran into another […]
WATCH THE RATIO’s
Posted on December 16, 2018 Leave a Comment
12/16/2018 – as shown before, the ratio of XLP (Staples) / NASDAQ and the PATTERN that completed gave us fair warning of this correction we find ourselves in .. is it the beginning of the ‘next’ bear market. I have no idea. Is it just the ‘buy the dip’ – I have no idea. I […]
Banks
Posted on December 16, 2018 Leave a Comment
12/16/2018 – the banks lead us up and they lead us down. note the polarity shown in/around 84. Also, we have 4 ratios coming in around 79-80. Then we have the 76 polarity level. my ‘expectation’ is that these levels hold for support on the banks which breathes some life into stocks. also, note the […]
MSFT vs AAPL .. the great rotation
Posted on November 26, 2018 1 Comment
MSFT / AAPL – note, long term LOG scale and it appears that MSFT (from a relative strength perspective) has broken out this month … now, this does not mean that the MSFT stock won’t go down – it simply means – from a relative strength perspective – it appears that MSFT is the ‘stronger’ of […]
Utilities – holding up pretty nicely
Posted on November 25, 2018 Leave a Comment
11/25/2018 – you can see some of the former work on the Dow Jones Utility Index here: https://atomic-temporary-44460632.wpcomstaging.com/2018/01/02/i-still-think-this-is-a-big-deal-utilities-an-update-and-another-update/ as you can see, the index went right up into the target area and fell pretty nicely. that being said, it has held up rather nicely and just recently went up and tagged a nice retracement level. probability […]
Update to BITCOIN (NYSE Index Bitcoin Index)
Posted on November 19, 2018 Leave a Comment
if you do a search you’ll find some interesting charts on the ‘parabolic’ rise of the BITCOIN Index. PARABOLIC RISES ALWAYS END LIKE THIS …period. what’s important to realize is we are balancing the energy of euphoria (a sell signal) w/ depression/capitulation (a buy signal) … so what’s important now. note the triangle is broke […]
IBM – failure and a new set up
Posted on November 3, 2018 Leave a Comment
11/03/2018 – well our IBM pattern failed and got smoked. As I’ve shown before, the candle on IBM is what a ‘failed pattern’ looks like … so, as you can see below we have another BUY pattern emerging on IBM. It’s got some ‘time’ and ‘price’ to go but I’ll be watching the level shown […]
