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interesting Sunday afternoon ….POUND gap down during “inter bank” trading
Posted on February 21, 2016 Leave a Comment
for the retail folk like you and I the “spot FX” market doesn’t open for trading till 5:30 EST – however, the banks and big institutions start rolling around 1-2 EST. If you have a good charting package, you can see these moves occurring even though you can’t actually trade them. Normally, the market will […]
when the big boys eat soup volatility rises ….update 2/20/2016
Posted on February 20, 2016 Leave a Comment
2/20/2016 Campbell’s soup has made new highs, shattering the pattern discussed below. Now, that pattern did hold for 7 months and resulted in a 20% decline. However, when a monthly pattern that’s so nice in PRICE/TIME hits, one would expect a little more of a corrective move. But, we live in a world of probability, […]
meanwhile, in other news … $ABX continues higher (still cool that the low close was 6.18)
Posted on February 19, 2016 Leave a Comment
going back in time, here was the set-up. So, again, PATTERNS fail and PATTERNS work and it’s all about managing the risk. NOTE – it went below the “actual” pattern by 60 cents or so but “ultimately” close right at 6.18 (.618) It’s a Friday and, frankly, I’m too tired to figure out “why” it […]
$HAL low risk BUY
Posted on February 19, 2016 Leave a Comment
MATH, nothing more nothing less measured move (blue arrows) .618 retrace from roughly the all time low at 1$/share WEEKLY cycle from 2008 3 drives to a bottom into .618 retracement bullish divergence wrong w/ daily close below recent lows I do know that Dick Cheney had something to do with it …that’s all I […]
Kiwi and the tale of 6 ratio’s, polarity principle and 2 AB=CD’s – Bart’s Rule of Life for Pattern Recognition Traders #2
Posted on February 17, 2016 Leave a Comment
RULE OF LIFE #2: no matter what your system for entering the market (fundamental, technical, blend) make sure it’s the HOLY GRAIL. In that, it let’s you know where you are wrong 100% of the time. 2/17/2016 – folks, I try to be as transparent as I can on this blog. Let me […]
Bart’s Rule of Life for Pattern Recognition Specialists …
Posted on February 16, 2016 Leave a Comment
Rule #1: Parabolic moves NEVER end well. In learning pattern recognition thru geometry, music, sacred geometry and other “stuff” one of the things that always stuck out from the ancients who knew this stuff in a much more granular and spiritual way than we do now is that EVERYTHING need to be balanced … night/day, […]
LET THIS SINK IN …
Posted on February 16, 2016 Leave a Comment
My good friend Larry Pesavento sent this over to me this AM … Now, I know that Bernie Sanders, Shake Shack, Social Media and blah blah blah is all the rage but a chart like this will, one day, have to be reckoned with .. it’s as simple as that. Do I know from a […]
Kiwi and the tale of 6 ratio’s, polarity principle and 2 AB=CD’s
Posted on February 16, 2016 Leave a Comment
yes, please. the ONLY reason YES is because I know where I’m wrong and can manage risk. I’m RIGHT 100% of the time because I know where the PATTERN fails …. NICE … Bart PS — could completely fail. PS — watch Cotton and Milk for intermarket confirmations
Bart's Charts 