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Proctor and Gamble Pattern
Posted on October 21, 2017 Leave a Comment
PG – lot’s going on here. went up and hit 1.618 extension last week …monthly. daily showing 3 drives to a top also …
KO Coca Cola
Posted on October 21, 2017 Leave a Comment
KO is flirting w/ another breakout to the upside near/around all time highs … note: the monthly .618 price projection is the ‘reason’ for the resistance at 45.66 the TIME component is .618 the last run and it’s hitting right now … perhaps, a double top? 3 drives to a top (dashed orange lines) present […]
STOXX Banks for a friend overseas …UPDATE 10/21/2017
Posted on October 21, 2017 Leave a Comment
10/21/2017 – continues to consolidate. at present long term/large triangle thesis is still in play. key level remains 114.18. *** important development. on the daily chart below a very ‘nice’ BUY pattern is appearing a little lower. IF this PATTERN FAILS THEN perhaps this will cause further weakness in STOXX and start to resolve the […]
STOXX Banks for a friend overseas …UPDATE 06/09/2019
Posted on October 21, 2017 1 Comment
——————————————————————————————————————–06/09/2019 – well, from our point labeled ‘e’ it’s been straight down. From an Elliott perspective we are in another wave lower and it sure doesn’t look good for the home team. expect lower prices in the coming weeks, months. this doesn’t look good. ——————————————————————————————————————– 02/28/2019 – well, pattern recognition says you should always BUY […]
JPM update
Posted on October 21, 2017 Leave a Comment
10/21/2017 – around a year ago the pattern below was defeated by JPM. as you can see from November 2016 it was a pretty big candle coming into this level. we are now at another crucial level for JPM. 100-105 ‘should’ cause some stiff resistance. w/ the continued bullish movement of the overall market would […]
Continuing to Monitor the XLP / NYA important ratio …
Posted on October 8, 2017 Leave a Comment
did this for Andy and the gang @seeitmarket: https://www.seeitmarket.com/are-consumer-staples-signaling-a-volatility-omen-17331/ here’s an update as of Friday’s close: If I learned anything from getting my CMT it was the power of ration analysis. X/Y …. If X is stronger the chart goes up and if Y is stronger then the chart goes down. And, since we are charting […]
$NFLX another short swing at the bat? Perhaps? UPDATED 10/1/2017
Posted on October 1, 2017 Leave a Comment
10/1/2017 – going to start this post w/ the image that I used before to describe my love affair w/ NFLX. The patterns have been strong and it’s blow thru many levels sighted below. I BELIEVE in PATTERN RECOGNITION as an AMAZING TOOL to manage risk and put probability in your favor. NFLX has been […]
XLP / $NYA … approaching .382 from all time low
Posted on September 28, 2017 Leave a Comment
if the XLP/NYA ratio finds support and appears to end an A-B-C correction THEN we ‘should’ see Volatility Spike and correspondingly a nice correction in equities. If this level fails, then we might see some consolidation or a little pullback but nothing that could spook the masses. it might be noted that … right now […]
TBT Monthly LOG approaching LONG TERM trend line break out (?)
Posted on September 27, 2017 Leave a Comment
5 waves down showing a valid count … note, log trend line coming into play … we weekly or monthly close above that line would, IMHO, signify the bottom in rates for a long time to come is in place.
Oracle Sell Pattern in/around 53-56 updated from December 2014
Posted on September 25, 2017 Leave a Comment
September 25, 2017 – trust me, back in December 2014 I didn’t have a clue if 53-56 would ever be hit … target area has been hit and I have no earthly idea what the fundamentals are driving this stock or not … watch the MONTHLY close on this one. If we get a MONTHLY […]
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