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I STILL think this is a big deal … Utilities… an update
Posted on August 7, 2016 Leave a Comment
August 7, 2016 – are the Utilities cracking? Historically, they have NEVER gone farther than the measured moves shown from the post 6/6/2016. Stay tuned. the point we are trying to make here is that when these blue measured moves are present AND a perfect 1.618 extension is present THEN the Utes have correct either […]
Great British Pound – the BUY case
Posted on August 6, 2016 Leave a Comment
August 6, 2016 since the HUGE MONTHLY 31 year .78 node the pound move roughly 700 pips (note in 5 waves) and has been consolidating for a month. take a look at the BUY PATTERN present in the GBP a little lower … they don’t get better than this. What does that mean? well after […]
Natural Gas (NATGAS) NG #F
Posted on July 31, 2016 Leave a Comment
folks, for those of you have been following me for a while you know that sometimes you eat the bar and sometimes the bar eats you. (man I love that movie … the Big Labowski) anyway, the “bar has eaten me” on Natural Gas. I played w/ a foldback pattern that REALLY looked nice and […]
LONG BOND since 1981
Posted on July 31, 2016 Leave a Comment
i did this post for @seeitmarket around the TLT (long bond (20 year +) ETF: http://www.seeitmarket.com/tlt-price-target-view-treasury-bonds-stretched-15862/ and the targets around 145 still loom …. so, here’s the long bond and the TLT charts ….not trying to “call a top” just find patterns. could they keep going higher? well of course ..but man, this is really getting […]
$LIT – Lithium ETF
Posted on July 31, 2016 Leave a Comment
i expect consolidation in/around here w/ 27 being the overlapping of 3 ratios and it SHOULD be resistance. the key here is the level of the RSI – have we broken out into a new RSI zone that defines a bull market? also, if this is the case are we finishing up 3 on the […]