Home Builders relook …
Posted on April 29, 2014 1 Comment
CLIFF NOTES: can see why this current level is important using Adams Pitchfork Method. The Head and shoulders shown in the post below never materialized by breaking the neck line and we rallied a buck or so higher. Still looking for this to be an “end of move” pattern …
about the zone of 113-120 being a potential top in IWM ….
Posted on April 28, 2014 Leave a Comment
IWM: https://bartscharts.com/2013/11/26/iwm-what-a-perfect-set-up/
IWM
about the parabolic rise in IBB
Posted on April 28, 2014 Leave a Comment
IBB: https://bartscharts.com/2014/02/23/another-chart-biotech-ibb-w-a-parabolic-rise-sir-isaac-newton-is-still-yet-to-be-proven-wrong/
about the BIDU and CMG charts …
Posted on April 28, 2014 Leave a Comment
CMG: https://bartscharts.com/2014/03/22/chipolte/
BIDU: https://bartscharts.com/2014/03/31/bidu-follow-up/
about that LNKD chart from Sept 2013 …
Posted on April 28, 2014 1 Comment
CLIFF NOTES: short term option play expecting support to hold for the gap area 128-140. (?) Note we have gone thru the previous 4th of a larger degree….if the high was 3 at 250 then price shouldn’t go thru 122 ish as a 4th wave correction does not go below wave 1. Interesting to say the least ….post from 09/2013
LNKD
now we don’t want to catch a falling knife as I hear that isn’t fun … however, that being said, look at the chart below. Just like we showed parabolic take offs in GOOG, IBB, PCLN, AAPL, etc we have the equal and opposite affect when something is being hammered in a liquidation phase. So, we look for “the start of the campaign” and use that as our radius and basically try to capture the move DOWN and note it’s acceleration at the 3 o’clock position. This can “usually” be a point of looking for the BOUNCE or the SUPPORT to come in and then work a lower time frame chart for the retest. Don’t recommend just blindly jumping in BUT expect the area shaded blue to hold and then try to work a pullback to get long .. certainly is looking beat up, isn’t it?
LNKD in “final” acceleration phase
about that SOCL chart …
Posted on April 28, 2014 Leave a Comment
CLIFF NOTES: expect 14-15 to maybe be support but the 5 wave sequence is complete and I consider this space done for a while …My last post on SOCL is below. Missed it by a buck:
quick look at China
Posted on April 27, 2014 Leave a Comment
in what appears to be the largest IPO ever ALIBABA should be coming to the street …pushing the limits of 20 BB it’s something to be watched. Not for the John Q Public but for the banks Credit Suise, Goldman, Morgan Stanley, etc. are going to make 100’s of millions on this one. So, I don’t think they will let this one go by the wayside …
ALIBABA
but here’s what’s interesting … we have the Chinese Yuan FX pair causing quite the unwind and a representative ETF, FXI, of China is on a clff …here, take a look:
this sure is an amazing dance to watch … kind of reminds me of the Blackstone (BX) IPO . These two charts should tell you the story:
the bears are getting hungry and this IPO is going to be one heck of a show. the biggest IPO in history couldn’t possibly end up w/ the same fate as BX? Could it …? Stay tuned …
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