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GBPJPY looking heavy … so what do we do?
Posted on December 28, 2015 Leave a Comment
draw the geometry … using the move down into the low (dashed blue line) I drew a 90 degree angle (dashed red line) and then “connected the dots” and you can see the geometry of this move. sure looks heavy and looks like it wants to attack the dashed red line … we break that, […]
WMT – into the high 60’s?
Posted on December 26, 2015 Leave a Comment
$WMT hit the support area and has been climbing. certainly appears the high 60’s could be in play? Please see below. hope you had a great Festivus w/ family and friends. spend some time working thru this post from the bottom up … rock on, ok? Bart Just a heads up … […]
long bond BUY pattern
Posted on December 23, 2015 Leave a Comment
patterns work and sometimes they don’t work. nice BUY pattern on the long bond and the ETF TLT. watch this one closely …
the Great British Pound and “the” line …
Posted on December 23, 2015 Leave a Comment
here’s a Monthly chart of the GBP vs USD since the float started in 1972. (Wish I had more data) what I’m trying to “find” is the genesis of the LINE that caused the highlighted area of support .. it might be horizontal, or diagonal or vertical. I don’t know. So, am going to work […]
KMI … bada bing bong boom
Posted on December 21, 2015 Leave a Comment
12/21/2015 – should get a strong rally now. target is TBD but if it’s corrective we’ll see 3 waves up. will watch … funny isn’t it? no idea what they really do or WHY they were getting crushed and sold off big time … but do kind of know patterns. saw 14.21 as a potential […]
continuing to work a long Loonie potential- more
Posted on December 21, 2015 Leave a Comment
am looking at the relative strength of the XLE versus components of the S&P that make up more than 10% of the S&P. sure looks like the RELATIVE STRENGTH of XLE is about to start outperforming the larger components of the S&P based on patterns. of course, the patterns can always fail and the drift of […]
$PCLN update 12/20
Posted on December 20, 2015 Leave a Comment
12/20/2015: update to PCLN. one can see that this has been an amazing rocket ship. one can also see below that I was “seeing” a top coming in and tried the mirror image foldback, which from a price perspective DID NOT work. then, you can see that I was “seeing” a butterfly pattern and […]
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