$CVX and 40 years of market history
Posted on August 6, 2015 Leave a Comment
simple chart … long term LOG TREND (monthly) and their importance when broken.
note, $CVX, first MONTHLY close below in 40 years. folks, the probability is this is not good.
trade/invest what you see not what you think …
rock on, ok?
$FIT and square roots …
Posted on August 5, 2015 Leave a Comment
I don’t like to post “after the fact” but today – w/ the air conditioning being blown and tons of BD work done I thought I would sit back and check out some stocks. Had a great conversation w/ a friend about EPS, PE and stuff like that and told him it was all BS but that’s just showing that I’m ignorant about fundamentals so I should probably learn about them … nah. I left the smart people do that ..
For me, I like square roots … here’s a an hourly on $FIT. Just sat back and did some math to relax (I know most chartist dudes and dudettes are geeks.)
All I know is $FIT smacked right into the square root target from the low … if you want to really get close you could use the “open” but I think the point is made. When you +/_ 2 you have done one full circle around the Gann Wheel. The Gann Wheel is of course a square root calculator, a planet and number synchronization tool (that’s what they used the Great Pyrmaids for) and, well, blah blah blah.
Just to have some fun, did the square root-1 to go half way around …
There is tons going on in this chart .. spend some time studying it. $FIT has a nice rhythm …
One last, take note of the blue rectangles…as above, so below. Just a neat technique to balance harmony, form and proportion ….
Rock on, ok?
Bart
$FIT vibrations
FIT ripples
FIT geometry – all from the initial impulse move UP
Blogged w/ @seeitmarket back in FEB about a potential $APPL top around 130
Posted on August 5, 2015 Leave a Comment
$AAPL now making news …
certainly enjoy “playing” w/ the pro’s from @seeitmarket – thanks Andy!
Rock on, OK?
Bart
gonna watch 108 and 113 on FB earnings call …
Posted on July 29, 2015 Leave a Comment
TWTR geometry and targets. just playing around
YELP BUY PATTERN coming into play …and that PATTERN failed !!!!
Posted on July 28, 2015 Leave a Comment
Folks, here’s what a FAILED PATTERN looks like ….ouch.
the level held for a couple days and then earnings dumped it like a hot potato!
hint: it’s all probability and stops are our friends!
YELP – long term BUY PATTERN and 3 drives to a bottom … all coming into the zone
You can’t make this shit up ….
Posted on July 28, 2015 Leave a Comment
Again, folks, it’s only probability.
Let me rephrase that …it’s ALWAYS probability and nothing is certain.
Sometime it works and sometimes it doesn’t – worry about the losses (i.e. control the amount) and everything else will work out.
All that being said I can say, with certainty, that the big players have no idea I’m sitting in my home office coming up w/ targets based on PATTERNS w/ their genesis from sacred geometry and music.
so, riddle me this batman … as you can see below $BIDU stock went right up to 250 and ALL the BUYING simply stopped and the selling began.
why? is it coincidence that the math supporting music (which is a vibration of course) pointed to this EXACT number as a target?
YES, you know it is ….all the earnings, P&E ratio’s, analysts, fundamentals, insider trading, options, sentiment, etc. pointed to this number.
Personally, I think PATTERNS work EVERYTIME because they let you know EXACTLY where you are wrong.
Bart
BIDU gap down today
here’s a chart showing the initial square root target from 250.
((square root of 250)-2)^2 = 190.75
it held the market for a month.
BIDU after hours w/ square root target shown
11/11/2014
was too early on this count, as you can see below. Now, we are approaching some very stiff resistance as shown. another target is 295. all that being said, still believe we are in the 5th wave advance here ….
CHANCE favors the prepared mind …
Posted on July 26, 2015 Leave a Comment
I have learned almost everything I know about the TRADERS MINDSET from Larry Pesavento of http://www.tradingtutor.com. He first introduced me to harmonic pattern recognition and after about 6 months I had trained my eye (thru his tutelage) to understand and see the swings. Others – Michael Jenkins (www.stockcyclesforecast) have fined tuned my understanding of vibrations, patterns and the “other stuff” acting on the market. I am so thankful for their friendship and tutelage.
Larry skyped and emailed me this AM (Sunday) and I thought I would share.
I felt compelled to attach the following video and charts – it’s simply PROBABILITY and, more than likely, VERY LOW PROBABILITY that the market will gap down on Monday. IF it does then there is a PROBABILITY (again, probably very low) that the market could suffer significant losses.
So, give me or Larry NO credit for trying to be a “market timer” or “crash caller” or any of that nonsense.
It’s like this … before I became a student (always learning) of the markets I had the opportunity to fly for the Navy and attend TOPGUN. At TOPGUN we planned missions and ALWAYS “what if’d” E V E R Y T H I N G. Why? Because , at 1.0+ IMN (indicated mach number) shit happens fast and if you haven’t thought of everything BEFORE the flight then when it happens you hesitate and then the shit hits the fan.
“He who hesitates is lost.”
The other thing I learned is there are A L W A Y S “causal factors” or “links in the chain” which forewarn events, mishaps, crashes to happen. MOST OF THE TIME, not always, YOU HAVE TIME TO REACT.
So, simply put this in your portfolio or trader gameplan … it’s that simple.
IF **** THEN ***.
TRADE YOUR GAMEPLAN and rock on, always.
Bart
PS – Larry has been TRADING in the markets for 50+ years. (yes, you read that right) so when he “foot stomps” I listen. How many of us have that longevity in the market and can, as you read below, actually discuss trading DURING THE 1987 crash? Just saying …
From Larry:
“As we come into this week’s trading we are looking at a very similar situation that occurred in 1987. I’ve sent out the previous video to explain this pattern. In 1987 I was heavily involved on the short side of the market looking for a big drop. In August I had purchased October put options. On Friday, October 16 the Dow Jones was down hundred and three points at options expiration and I have made a substantial amount of money. However, had I purchased November put options the amount would have been 50 times greater. Crashes do not happen very often in fact usually once in every generation i.e. 80 years or so! Everyone thinks of the Federal Reserve has the back of the banks and the public for investing in stocks. But what if they don’t? Unfortunately I’m not able to bring out a lot of charts to verify this but we’ve done this to the videos this weekend. The one chart that I did attach year that I think is very important is the one that shows a lack of volatility in the market. This chart also shows the reverse point wave pattern i.e. expanding triangle pattern that is so bearish!
In order for this crash scenario to unfold we must be down sharply this week. Keep in mind that this is a rare occurrence if it does happen but the pattern is certainly similar in the state of the market is certainly similar as we have more declining issues than advancing issues. On Friday there were 10 times more issues declining than advancing at the New York Stock Exchange. Declining issues at the NASDAQ were 2 to 1 over advancing issues, not to bullish in my opinion.
all probability … check out Asia and, if you want to wake up and check out Europe around 3:30 AM (EST) then look for volatility in those markets as a roadmap – perhaps.
we all know this market can and will never go down anyway …
make it a great weekend.
Bart
Bart's Charts 