VIX – January 20, 2023
Posted on January 20, 2023 2 Comments
VIX – we wait and wait and wait … this “green rectangle zone” target has been on my radar since July. No kidding …
Simply, would really really like the VIX to go down and attack that level. PLEASE?
Note the Orange measured moves correspond to the two projection areas. Additionally, look at all the extension targets in the last chart.
THIS IS THE KEY ZONE FOR THE VIX.
TSLA – January 20, 2023
Posted on January 20, 2023 6 Comments
There is a high probability that we have bottomed in the 4th wave and the next wave higher for TSLA is just starting. We can go all the way down to, basically, 20/share and still have a valid count but two things came together nicely PRICE AND TIME to make me think this is a “first” opportunity to get long TSLA.
Folks, if we are long down here in the low 100’s our target will ultimately be above 420. So, be judicious w/ your position size and don’t get greedy. There will be a LOT of gyrations …
If we go below the low around 100 then stop out and we’ll look to try again but for now – believe a bottom is in place for TSLA and a nice risk:reward investment is presenting itself.
Above you will see the concept of a “square out” w/ TSLA. You can “square out” a high, a low or a range.
From our vantage point PRICE and TIME are just numbers and are equal and interchangeable. Inflections up or down occur when PRICE = TIME or PRICE and TIME are equal harmoniously.
From the IPO price we went a total of 414 points higher. PRICE.
From the ATH DATE of 11/04/2021 we simply add 414 calendar days and that date is 12/23/2022.
Additionally, this entire RANGE square out happened right around the date the BUY PATTERN completed.
Hence, believe we have an important low in place w/ TSLA.
Good weekend to everyone.
Bart
DJ Transports – January 18, 2023
Posted on January 18, 2023 3 Comments
Appears the static time cycle was off by a week or so from the top and the count hadn’t complete so that was to early. However, what we can see now is the sell pattern has completed and the potential of us going – big – has become more probable.
I’d look to be short Transports and the thesis is wrong above the most recent spike high.
January 18, 2023
I blogged a while ago about the Transports … if you do get the chance, check out the EWT professionals from, say, a year or so ago and how they did an amazing long term (100’s of years) of an aggregate Global Down Jones Transportation average … folks, the EWT pros are just stacking 5’s on top of each other at my “thesis” = big top. What do I think … well, they are the EWT pro’s and while I’m a CMT and taught it to CMTi students I can say I know corrections … to put together 100’s of years of counts is impressive. Either way … 5th waves are either finished or in work to finish. In our lifetime … it’s going night night folks. Might have already started …
Here’s a chart from a year or so ago … why my thesis on a “big ass top” … simple AB=CD .. but this is a MONTHLY AB=CD and the A leg starts back in July of 1932. So, from a “big deal” perspective, I think this is one …
Where are we now …?
I got asked on the thread about TIME and while I’m trying how to figure that into some training, I did “see” (after you look at charts so much you start to see things … maybe that’s it, I’m not sure what I see anymore LOL) …anyway, you could see the harmony so using a rudimentary cycle tool you can see that today was a good day for a “move” to occur. Additionally, used the “rock hitting the water” analogy for wave creation (depending on how high and how heavy the rock is dropped depends how big of a resulting wave we get) and from this you can see the waves propagate outward. Expanding the initial wave by 1.382, 1.618 and 1.8877 (musical note ratio of equal octave scale of music) you can see what happened to price .. but from a TIME perspective just follow up the arc to the 3 o’clock position and that is a good timing technique.
Based on todays action I would look to be short Transports and stop about yesterday’s high … sure seems like it might be TIME for the “train to leave the station.”
I’m back …
Posted on January 13, 2023 7 Comments
Wow, it’s been – basically – a year since my last post.
I’ve been helping my friend Whiz over at http://www.topgunoptions.com providing market commentary and posting charts – kind of like here. It was fun … if your interested in learning options, consider doing some training or signing up for one of his services – he’s good and the training is also …
Bottom line, as I took an inventory of 2022 I realized I had WAY TOO MUCH going on and my focus was being consumed by so many irons in the fire. Bottom line is I just needed to cut some stuff out and TGO was one of them …
I’ll be doing my normal posting – on my timeline – from time to time. If you remember, sometimes there are a flurry of posts and other times nothing … is what it is. This blog is free folks! 🙂
Also, am thinking of putting together a training course so if that is something of interest, drop me a line about some thoughts and what you or peeps you know might want …
Here’s to 2023 and, folks, get out your tinfoil hats …let’s do this.
Training Time
Posted on April 19, 2022 2 Comments
Folks, miss everyone on this thread but having a BLAST over at Topgun Options providing opportunities to manage risk.
We find ourselves in some treacherous times … War, Financial Markets treachery, inflation, supply chain, blah blah blah …
Most everyone looks at charts so what better time to do an introductory course to teach “tactical” chart employment? There will be a little theory, but a preponderance of the course is around how to use charts and their tools (yes PATTERNS) to manage risk.
Folks, it’s $197 for the entire 6 courses.
Why? Want to make it affordable and support everyone trying to manage risk.
Would be honored if you join me …
https://go.topgunoptions.com/bart-training
Cheers –
Bart
Topgun Options and Tomcat Charts
Posted on February 14, 2022 Leave a Comment
Very excited to announce that I will be working w/ Whiz and the team at http://www.topgunoptions.com posting charts and PATTERNS thru Tomcat Charts.
Doing a webinar on Friday – please join if your interested!
https://go.topgunoptions.com/tomcat
My posts here will be infrequent and not common but you can find me at TOPGUN Options!
Trade em’ up!
Bart
Still here …
Posted on January 19, 2022 2 Comments
have been working on one of the most important projects of my life – Veteran’s suicide. I’ve been lucky enough to be chosen to be part of a documentary about life after the cockpit .. from the speed of sound to the speed of life.
this is and has been all consuming … not sure when I’ll be back to post but I just renewed my subscription for the site so it will up and running …
I’ve also been working w/ a select group of investors and that has been the focus from a charting perspective.
thanks for understanding, keep your powder dry and watch the European Banks.
Bart
USDYEN – another key pattern
Posted on December 24, 2021 2 Comments
last post on USDJPY: https://atomic-temporary-44460632.wpcomstaging.com/2021/10/11/usd-vs-yen-very-key-level-now/
this is a ‘nice’ Gartley SELL pattern and, to be honest here, would sure like it to “work” as I want (hope (a strategy)) for a move lower down into 110’s to complete 6+ year triangle … as we have discussed, triangles have 5 legs a-b-c-d-e and, right now, my hope ( a strategy) is that we are carving out the “e” wave and then .. game on for an explosive move w/ the USD versus the YEN.
if we blow thru “d” will have to get out the eraser and take a peak …
either way, believe 2022 will see the USD EXPLODE HIGHER against the YEN.
close 2021 w/ light, energy and smiles …
NFLX update
Posted on December 21, 2021 1 Comment
last post on NFLX: https://atomic-temporary-44460632.wpcomstaging.com/2021/12/13/nflx-3/
in that post we did some “basic” work using EWT going w/ Wave 1 = Wave 5 and some “basic” retracement work. as you can see below there was a LOT of math and geometry coming into this level … fundamental frequencies, square root targets, geometry, extensions, etc. all made this an “interesting” area for sure.
where are we NFLX?
if you go back to a couple posts of NFLX you will see that I called it a “chart of the year” because of the very “ray charles” like count of 1,2,3,4,5. we blew thru the target zone by 3-4% probably because my ego got the better of me in coming up w/ that title (digression complete) but either way, we completed 5 waves up into 700 … and we just completed 5 waves down.
what is so important about that?
5 waves either complete a corrective C wave (they are ALWAYS 5 waves) and now we bounce OR they could show a change in trend. certainly believe it’s way too early to be calling for a change in trend for NFLX but our thesis, for now, is the 700 level was a potential big top. so, w/ 5 waves down we need to pay attention.
anyway, our targeted zone held as support (note there are at least 9 different methods showing this to be a good zone of support) and it appears our rally is on … from an Elliott perspective, a guideline (NOT a rule) is that a counter rally will go to the vicinity of the previous 4th wave of a lesser degree and we can see a LOT of math coming together in that zone/area. I do believe that area will work as resistance but I “expect” that the higher target will ultimately be the rally point as this entire NFLX bull run has had a lot of momentum …
so, for now, let’s see how this PATTERN plays out and watch the 625-630 area and also 650-660 for now …
also, note below, that Palladium also hit the target zone and found support …
Palladium rallies .. so does tech … so watch a potential really in Palladium also …!
bottom line – this rally “makes sense” and the math worked … so now, we WAIT and look to put a short on NFLX in the coming days or weeks.
thanks for reading and rock on, ok?
also, got a 4/3 wetsuit today … it’s just got plain cold in the Pacific and with a long period swell and a favorable tide, I could stay out there ALL DAY but cold got the better of me …
get some!
WMT – sitting on a cliff of support
Posted on December 16, 2021 Leave a Comment
last post on WMT: https://atomic-temporary-44460632.wpcomstaging.com/2019/06/16/walmart-wmt/
the butterfly sell that we ID’d above worked for a bit but ultimately failed …so, I’ve taken a long term picture of WMT using the LOG scale and the LOG Trend lines …
as long as we stay above the red trend lines the beat goes on … that being said, this is a pretty big trendline support so watch carefully.
