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sometimes you eat the bar and sometimes the bar eats you …
Posted on May 16, 2017 Leave a Comment
Well … sheesh. let’s see … MCD – KABOOM did that pattern fail or what? GOOGL – OUCH, did that pattern fail or what? PCLN – smack down baby, did that pattern fail or what? NFLX – trend line held baby and KABOOM 2, did that pattern fail or what? XHB – hanging in there […]
EEM and HYG
Posted on May 15, 2017 Leave a Comment
So, guess, of late, all the rage is the EEM new bull market. VERY HARD to believe but … let’s remove the subjectivity and pull out some patterns: EEM: banging right into .618/.786 retracement confluence – usually very strong R or S. in this case R. Note – a basic projection takes us up into […]
Dollar Index since the Plaza Accord …room to run, BUT (?) …UPDATED and UPDATED and UPDATE again
Posted on May 7, 2017 Leave a Comment
05/07/2017 – Happy “insert name here” day … have you noticed that Social Media is making a “insert name here” day for everything? So, for me, I say “Happy Dollar Index Update” day … as an FYI, that’s May 7, 2017. Anyhoo – man this is getting interesting. I’ve updated both the 4 hour and […]
Mastercard 5 waves up complete? an UPDATE
Posted on April 29, 2017 Leave a Comment
04/29/2017 – the levels shown in the post below held but created a 6-8 month triangle which exploded higher. Triangles are terminal from where they explode (higher or lower) but this stock is really strong. Do I think we are still in a 5th wave – YES. But, I would keep rolling w/ this until […]
$WFM …man took a while but it popped …
Posted on April 29, 2017 Leave a Comment
04/29/2017 – consolidated for a long time and finally popped. a MONTHLY close above the first gap top (40) should seek higher. also, look at daily – lots of gaps in play … ___________________________________________________________________________________ 07/24/2016 – appears to be building an ice base to attack daily gap resistance levels and perhaps roll into higher […]
STOXX Banks for a friend overseas …
Posted on April 29, 2017 3 Comments
the KEY here is are we finishing a triangle and this latest leg up represents the final sequence (e) of a,b,c,d,e … the relationship that is giving me a ‘hint’ that this might be the case is the fact that the e is representing .618 of b-c (a common relationship in triangles) on the charts, […]
the march to 6200 continues … an important UPDATE 04/28/2017 @seeitmarket
Posted on April 28, 2017 2 Comments
04/28/2017 – an update w/ the gang @seeitmarket Nasdaq Composite Nearing Major Price Target _________________________________________________________________ 03/21/2017 – update if you look at the chart below … you’ll see the blue arrow measured move from the 2002-2007 hit pretty much spot on …. I add this to the “march” to 6200 because, well, I still think that is […]
French Election CAC 40 and EWQ
Posted on April 22, 2017 4 Comments
So, big election this weekend .. ZERO IDEA which way it will go or fall. However, the blue rectangle is the targets for resistance … it’s been coiling since 2000 in a monstrous triangle. A weekly close above 5582 will send this puppy higher …or smack into zone shown and fall after election? believe these […]
$NFLX another short swing at the bat? Perhaps? UPDATED 4/22/2017
Posted on April 22, 2017 Leave a Comment
04/22/2017 – trade what you see, not what you believe. NFLX has been “topping” since January 2017. shown below are the key gap areas and the looming trend line …but folks, it hasn’t moved lower. unless we get a weekly close below 133 – step aside. the ‘math’ stopped it but it sure seems strong […]
Super Size Me … $MCD update …
Posted on April 22, 2017 Leave a Comment
04/22/2017 – update to MCD. Log trend line coming in around the high 130’s to low 140’s “should” stop this advance. hope this helps. note the measured moves (blue arrows) and note the blue dashed ‘log’ trend line .. have a good weekend ___________________________________________________ So, here’s another AMAZING run by a company that really […]
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