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coming into tomorrow we are pretty much there….2/12/2016
Posted on February 11, 2016 2 Comments
note the $NYA chart below …. blue arrows represent the largest corrective move since 2009 in the 2007-2008 financial panic this measured move held the market at bay for almost two months can you imagine the talking head pundits on CNBC BS’ing about that for two months … blah blah blah. we also see the […]
PATTERNS do FAIL ..
Posted on February 11, 2016 Leave a Comment
here’s the great thing about pattern recognition … you don’t make “great calls” or “fundamentalize anything” you just simply find a pattern and – sometimes they work and sometimes they don’t. Crude – didn’t but remember, we did have that unopened gap below the pattern .. but it didn’t. TSLA – didn’t and it took […]
Ripley’s Believe it or not …
Posted on February 10, 2016 Leave a Comment
“The third-quarter and nine-months revenues not only illustrate the balance Lehman Brothers has achieved among its equity, fixed income and investment banking businesses, but also show the financial and strategic potential of new businesses the firm has been building, including private equity and high-net-worth activities,” Richard Fuld, former CEO of the former LEH “You can […]
just a little higher till pattern completes .. and we surpassed 2009 lows for the RSI
Posted on February 9, 2016 2 Comments
was talking to a money manager at my son’s basketball practice tonight and he was talking all kind of nonsense about some fundamental stuff … I just pulled out my Iphone and showed him @bartscharts and said “here, read this.” thus far, this ratio has been SPOT ON w/ providing market inflection points … its […]
ain’t nobody LONG the Aussie vs USD .. perhaps you should think about it?
Posted on February 7, 2016 Leave a Comment
AUSSIE monster cycle hitting this month from 1986 on Aussie. take note of the “measured moves in price” coming tino the 1986 and 2001 low .. they are the same footprint very oversold w/ bullish divergence GASOLINE FUTURES note, 5 waves down on natural gas .9438 symmetry 1.27 extension 1.27 wave 1 = wave 5 […]
XLP / $NYA need upper target to be hit AND a sign of accumulation …
Posted on February 6, 2016 Leave a Comment
note – we are forming a “doji” candlestick pattern – “uncertainty” on a monthly basis, yet the higher target remains a little higher. broke out of two monthly trend lines and have paused RSI approaching extreme overbought levels of the 2008-2009 panic. UNTIL WE HIT THE UPPER TARGET – FOR ME – we are in […]
the next move in $TLT is “probably” DOWN …
Posted on February 1, 2016 Leave a Comment
folks, it’s ALL probability and as a pattern recognition trader that’s all you worry about. When a pattern appears it’s simply a probability it’s going to work OR not … that simple. so, take a look at TLT … first note – we have a very clear 5 waves down. that’s either the beginning of […]
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