Value Line (Geometric) Index – another 10% to go? Updated 03/04/2018

target above is still out there … certainly appears feasible to go up and tag it ….604-614 is the zone.

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Value Line (Geometric) Index – another 10% to go? Updated 03/04/2018

target above is still out there … certainly appears feasible to go up and tag it ….604-614 is the zone.

Page_18-03-04_21-31-31.png

Love you long time …? Does this pertain to the economy?

First off, I love the Hustle. I look forward to it every AM and thank my good friend MM for introducing me to it … they did a GREAT email today about ‘bang bang’ birth rates and it’s correlation to recessions over the past 15 years. As a data junky would certainly like more data BUT it’s a pretty compelling look at the ‘nasty’ affects of declining birth rates and their predictor of recessions.

note, I ‘see’ 5 waves up complete and an a-b-c Elliott Wave correction unfolding .. also, looks like a head and shoulders has formed so if you want the economy to keep humming you might want to … well, you get the point.  LOLOLOLOLOL

The Hustle: https://thehustle.co/  ….. sign up these guys/gals rock!

Bart

DB .. KEY BUY PATTERN in work … like I said at the Chart Summit “not sure which work and which don’t” (pattern)

Deutsche Bank – they hold the largest amount of systemic risk in the global banking environment.

As discussed at the Chart Summit I love failed patterns.  We have a BUY PATTERN appearing below on DB … if it holds, breathe a sigh of relief and a move upward ‘should’ occur and that ‘should’ relieve pressure on the system.

If it fails THEN that really isn’t good for the global economy.  At all …

So, put DB on your watch list and see if the 13-15 level holds … if we break thru these levels to the downside, watch out as it’s going to get very interesting.

As always, thanks for visiting the site.

Bart

%AB = %CD and, well, that’s all she wrote …XIV

I don’t like to post ‘after the fact’ but I was on some business travel this week and away from my charts.  A while ago I could see the parabolic rise occurring in the XIV (inverse VIX) and made a calculation using log percentage moves * .618.  While the market pulled back (XIV) from this level it took almost the exact percentage moves to complete the pattern.

here’s the link to the post: https://bartscharts.com/2017/09/17/interesting-chart-xiv-inverse-vix-updated-and-updated-again-and-updated-again-2/

did I have ANY idea it was going to thump out of business. absolutely note .. but I did warn that parabolic rises never end well … here’s the chart.

O U C H ….and that’s all she wrote

GE – ratio analysis, it’s the lowest in 40+ years

02/03/2018

have been eyeing GE BUY for the past couple weeks and am still hawking the 13.70-14 area.  decided to do a ratio analysis of GE/NYSE.  Folks, it’s the lowest relative strength for GE versus the boarder market (NYSE) in 40+ years.

from a contrarian perspective .. this puppy is really really beaten up.  am going to try and work on some ‘timing’ over the next couple days. NOTE – we are at ALL TIME LOWS in 40+ years on the ratio BUT have not made a NEW LOW on the price chart. hmmmm

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12/7/2017 – see below. it’s pretty darn busted up …

Read More

Blackstone Group .. they always show their cards at the ‘perfect’ time …

I remember sending a client either a text or an email … don’t remember which medium but the content was basically “man, that’s going to stink IPO’ing right at a top for Blackstone….”

Just today I read that are leading the biggest buyout since the 2007-2009 financial crisis … are they a reliable contrarian indicator?  Who knows, but it’s something we might want to watch …

Thanks BX!

Bart

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