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update to TLT and 30 year continuous futures …
Posted on February 27, 2016 2 Comments
02/27/16 – TLT, if correct, should be losing steam over the coming days/weeks. Initial target appears to be 109-111. note, if this pattern fails, then 145 is a very strong target as shown below. also note, the cycle top times came in w/ pattern completion. right now, favor the short side into the […]
$TSLA polarity …
Posted on February 23, 2016 Leave a Comment
if you have been reading my blog you’ll find that $TSLA has had it way w/ the patterns … in fact I blogged that $TSLA took me to the octagon. so, take this post w/ a grain of salt … Polarity is powerful … when support fails it becomes resistance AND/OR when resistance fails it […]
POUND PATTERN and ramifications
Posted on February 22, 2016 Leave a Comment
If you search my blog for ‘pound’ you’ll see that I’ve been scouting the 1.3932 level for a while. the first chart below is the PATTERN at play ….folks it’s all numbers and geometry. the Pound went UP the same amount (blue arrows) and now it’s approaching the same amount down (Orange Arrows). that’s it […]
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 […]
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