Andy and @seeitmarket

Folks, have been sending Andy some pretty amazing work of late.  Follow this link: http://www.seeitmarket.com/author/james-bartelloni/ Just sent him over a Agricultural look (DBA, Corn, Wheat, Soybean, Sugar) and how it sure looks like they are going to begin a very strong “corrective” bounce OR start a trend in the bullish direction that could last for a … Continue reading “Andy and @seeitmarket”

why we should care about Australia

the All ordinaries never hit the target SELL pattern and this PATTERN is still valid.  the zone of 5760-5835 is the key w/ the old realiable .786 retrace up at 6060 the highest it “should” go if the SELL PATTERN is valid.  As you know we NEVER know which one works or doesn’t … what … Continue reading “why we should care about Australia”

BAC – now that our 17 Billion dollar fine is behind us …

CLIFF NOTES: BAC (Bank of America) – not so fast.  Here’s the monthly chart showing “why” BAC finally bottomed in/around 2 bucks. I see major resistance coming in 1) mirror image foldback potential, 2) daily sell signal (shown below) and 3) a monthly pattern culminating in around 21-13.  Believe anything above 24 is an abomination … Continue reading “BAC – now that our 17 Billion dollar fine is behind us …”

Gorilla’s put dynamite down for now …reload after dollar pulls back. (the dynamite is the 4 trillion/day FX market)

Summary: perhaps, it’s my background as a Naval Aviator for 11 years.  I just read a post about “fighter pilots and organizations” and one of the points was the art of the debrief.  so, as I post “stuff” on this blog I attempt to make it all “real time” because those snap shots allow me … Continue reading “Gorilla’s put dynamite down for now …reload after dollar pulls back. (the dynamite is the 4 trillion/day FX market)”

US Steel … defying kryptonite (?)

CLIFF NOTES: this break out looks real!  So, we have completed a pattern and would look to BUY in/around the 32 level as that should offer support and look to hold this for an investment…. a mirror image foldback is a great pattern to see and fine … basically a PATTERN comes into a level … Continue reading “US Steel … defying kryptonite (?)”

Gorilla’s juggling dynamite … and the US Dollar a redux

the post below is from February 13, 2014 and I believe it’s important to rehash the most recent moves in the US Dollar. Believe this move has room to go, however,  we need to patiently wait for a corrective pattern to form. this move in the dollar is real so try to get long in … Continue reading “Gorilla’s juggling dynamite … and the US Dollar a redux”

WMT / NYSE Index Ratio and the KEY support

CLIFF NOTES: patterns exist on the ratios/we use ratio analysis to look for sector rotation and when the RATIO’s inflect there are usually inflection points.  We are at a key level in the WMT / SPX ratio.  Also, I added the NYSE Index overlaid.  Note EVERY HIGH AND LOW was at this ratio’s SUPPORT and … Continue reading “WMT / NYSE Index Ratio and the KEY support”

Ten charts that prove Technical Analyis is valid and PATTERNS exist and give you an EDGE

CLIFF NOTES: in Mark Douglas’s amazing work, on page 132 of Chapter 8 he defines an edge as “nothing more than an indication of a higher probability of one thing happening over another.”  My edge is pattern recognition based on square roots and the inverse of those square roots.  As my friend and mentor Larry … Continue reading “Ten charts that prove Technical Analyis is valid and PATTERNS exist and give you an EDGE”

the Dollar Index Fractal

CLIFF NOTES: I thought I had posted this once before .. the POTENTIAL mirror image foldback on the US DOLLAR.  I have gone thru my charts and I can’t find it but I know I sent it to Larry P so … here it is.  Also, go back and look at the UUP (Dollar ETF) … Continue reading “the Dollar Index Fractal”