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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 […]
YEN vs USD …certainly smells like a multi year triangle …
Posted on November 1, 2018 Leave a Comment
well, when we last posted, we were looking for the YEN to complete a multi year triangle. holy smokes, it certainly dumped today. the key here, as you will see below, is that it did ‘exactly’ what its supposed to do … in a triangle you look for price correlations that are .618 the preceding […]
New York Stock Exchange – a BUY pattern emerges UPDATED
Posted on October 28, 2018 Leave a Comment
11/19/2018 – revisiting this pattern from the end of October. The levels indicated have NOT been hit so, believe it or not, this is ‘standard’ corrective move in the NYSE Index since 2009. Thus far, every major correction has been the dashed red arrows. also, we have polarity support area and then we have all […]
I like to draw circles … just work w/ me. how the 1987 low and recent high are connected by geometry
Posted on October 11, 2018 Leave a Comment
a couple weeks ago I posted this: https://atomic-temporary-44460632.wpcomstaging.com/2018/08/30/jpm-and-tops-of-circles/ it was some geometric work I did on JPM and ‘real time’ the top of a circle. I do have a theory of ‘why’ this technique works in projecting support or resistance but I’ll leave that to me and some of my friends. it really doesn’t matter – […]
(F) Ford set up – redux
Posted on September 9, 2018 1 Comment
05/18/2018 the zone we were looking at below was hit … any sustained pullback should be bought. look for increased volume and rotation moving forward. 10/21/2018 F has hit the zone for the projections sighted a few weeks ago. a weekly ‘doji’ has formed but no real bullish divergence. perhaps continue to wait till […]
New York Stock Exchange Index – $NYA
Posted on September 2, 2018 1 Comment
the NYSE Index has a TON of stocks in it and is a very good gauge of the overall health of the market. As you can see there is still a much bigger target (almost perfect – an AB-CD and 1.618 extension on top of each other ON A MONTHLY) out there in/around 14217. But […]
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