Parabolic Velocity ….and $MO an update ….an update
Posted on March 23, 2017 Leave a Comment
03/22/2017 – it just keeps going higher and higher. Ps=0 is coming .. then it will drop like a rock.
note, the trendline didn’t break and it shot higher from that level .. the band played on.
Bart
… also, the parabolic picture is compressed w/ the two studies on the bottom. here’s a picture w/ the studies taken off:
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12/11: update to the update. again, still don’t know what Altria Group Inc. does. but I do know how to draw a trendline and it bounced off it and now IF it breaks below it on a daily close THEN it should go lower.
your 150 paged EBITDA, P&E, fundamental report complete in one chart. Pardon the sarcasm. Got hate mail on @stocktwits for this one also … it’s comical.
sometimes you eat the bar, and sometimes the bar eats you. https://www.youtube.com/watch?v=aPVLyB0Yc6I
Bart
11/4 – update. again, I don’t even know what the Altria Group Inc. does … but I do know that parabolic velocity can only hit a certain Ps=0. What the hell does that mean? Well it’s the VN diagram when fighting a high performance fighter. You see at ANY given time in a fight you have a certain airspeed, altitude and G that will give you a turn radius and turn rate. In order to NOT give up energy you wanted your sustained rate of turn/radius to stay constant …. if your going to rip the g’s on and get a really powerful turn RADIUS going then your going to give up energy…. so you better be right OR your going to have to UNLOAD and get energy back and that will make you arc like an albatross. Get it .. Ps=0 might not be the best turn rate or radius but you know that your not giving up any ENERGY.
MO … tons and tons of VELOCITY but guess what? to get that HIGH of a price and go parabolic “it” had to be all in and a certain point you ain’t got “no moe thrust” and it stops and falls.
is this the top? I have no idea, but having been in many many 2 circle and 1 circle fights you learn to SEE how your enemy is doing/reacting and this puppy ($MO) gave it ALL. It’s time to UNLOAD (go down) and get some more knots (ENERGY) up to make another run …
watching this one, a move down into high 40’s not out of the question …
first stop SHOULD BE the top of that read trend line …
Bart
spent some time in the Navy and, one time, we (two seat Tomcat) decided to “see how high we could get from sea level” off the coast of SOCAL. So, we lit the afterburners and got going pretty fast and then the pilot smoothly pulled back on the stick and very soon we were pointing 90 degrees nose high and climbing like a bat out of hell. Pretty cool … and we kept climbing and climbing and finally (you could hear the TF30 engines grasping for any air) topped out around 55K feet or so … you could see the curvature of the earth. The ECS (environmental control system) was working overtime trying to keep the cockpit pressurized and …. we simply couldn’t go any higher, even w/ the engines going FULL GRUNT AFTERBURNER, it simply stopped.
guess what happened next? we fell like a stone … just left the hands off the controls and that was it … we had exhausted the power of the Tomcat to go any further …
folks, same thing happens w/ stocks. IF you can get into a pre-parabolic move based on your decision criteria (technical or fundamental) then ride it and go w/ it …. however, once you “sense” the parabolic stage then take some money off the table. I’m going to say it again … they have NEVER ended well. and depending on the size of the motor taking you straight up – it will eventually fail. Gravity is real in both a physical and subconscious way. Subconscious? Yes, the euphoria of the monster bullish move and the despondency of the bearish move will, eventually, yin-yang you and take off in the opposite direction.
here’s MO … were either “here” now or close to being parabolic. stay tuned …
continue to make it a great week.
Bart
buy your shirts now … Cotton getting ready to explode – Update to the Update
Posted on March 23, 2017 Leave a Comment
03/22/2017 – cotton has went up and tagged the lower boundary of a BIG GAP. “should” be pausing and pulling back …
I haven’t noticed the price of cotton shirts, underwear, what have you going up … have you? I don’t buy much anyway. But, however Cotton Futures are priced on the Exchange, you know I don’t know a thing about that. Just patterns …
Cotton’s up around 46% from levels described above. Folks, LOG percentage measured moves (extremes) work.
Cotton, who would have thunk it?
Bart
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03/14/2016 – my good friend JC (www.allstarcharts.com) just blogged about cotton and it jogged my memory that 15 months ago I blogged about a low coming in cotton. (I’m good at timing, right? LOL) But, time is the key component and the PRICE level just completed the same corrective move (-75%) that represented the largest corrective move – EVER.
just saying, Cotton could be rolling w/ like Mr Toads Wild Ride …here’s updated charts:
if your an ETF player, perhaps look at LONG BAL in/around these levels and stop out below 35?
Enjoy.
Bart
Wrong below 54.45 ….picture paints a thousand words. Two charts so here’s two thousand words.
Pound … almost time? UPDATE to the UPDATED
Posted on March 22, 2017 2 Comments
03/22/2017 – Pound carving out a triangle and then a dump into the 1.17? Only time will tell.
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12/26/2016 – still looks like we have a little more time to go into the lows. perhaps a little lower at the targets shown (?)
the march to 6200 continues … an important UPDATE 03/21/2017
Posted on March 22, 2017 11 Comments
03/21/2017 – update
if you look at the chart below … you’ll see the blue arrow measured move from the 2002-2007 hit pretty much spot on ….
I add this to the “march” to 6200 because, well, I still think that is the target.
as for my followers – YOU know that I hate to give you the ‘could have’ and ‘would have’ and ‘should have’ w/ technical analysis …I have been pretty busy over the past month. So, I hastily sent this to a few friends around the banking index in a moment of free time….. the reason I’m showing this is two fold:
- PATTERNS are all PROBABILITY ….
- the BANKS lead us UP and they lead us down …
- I really really don’t want to show anyone the world of ‘could of’ and ‘would of’ and ‘should of’ … but do want to give some heads up ..
- just trying to help folks …
The “greatest gift is gold ” U2 ….
Use a stop.
Good night …
B
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perhaps 5866 stops it but folks .. we have a perfect sell PATTERN at/around 6200 ish.
also, note the to cycle that got DESTROYED .. this puppy has some more juice.
short term – 3-5 pullback for a couple months then higher to tag the upper target?
anyway – here’s the picture … UP UP and AWAY.
just buy, the market will NEVER GO DOWN and IT ALWAYS GOES UP! 🙂
$SNAP and square roots
Posted on March 10, 2017 Leave a Comment
sorry for the delay .. it’s been a nice break.
you know I hate doing this BUT went back and played w/ the square roots ‘running’ SNAP. I enjoyed it … let me know what you think.
B
$NFLX another short swing at the bat? Perhaps? UPDATED 2/14/2017
Posted on February 15, 2017 Leave a Comment
2/14/2017
- basically hit the target zone we were identifying. now it gets interesting as you can see, on the daily, we have many gaps staring from this past summer. if we can break thru the 133-137 level then the gap 100-112 seems like a reasonable target for now.
our assumption is we have completed 5 big waves per the below so … could get interesting? Or, the stock will never go down, right? the market only moves up.
Bart
1/12/2017 – well if at first you don’t succeed, try again. doesn’t matter this its NFLX, in the world I live in, it’s just a ‘chart’ so here we are at it again …
well, the GAP from the former congestion area into new highs was powerful BUT note that we have been selling off since the gap and IF (the big if folks) we close back below the dashed orange trend line AND close the open gap (a gap down back below is ‘technically’ the island reversal THEN guess what things could get going to the downside. so use those levels noted below as your guide.
some key stuff:
- note the monthly
- that’s some pretty large bearish divergence
- also note, from the first move up way back when it ‘perfectly’ hit the 3.142 (PI) projection
- also note the top trend line … a daily close above that is VERY bullish but right now, banged right into it as resistance
- note the monthly ‘log’ chart
- the top trend line held price at bay (that caused the consolidation IMHO) but if we keep going that top trend line would be the next logical target
- note the daily
- see the orange dotted trendline … that’s the one to really watch for now
- I REALLY like that wave 1 up and wave 5 up are equal in PRICE and TIME
- note how wave 3 gapped rigth up to the AB=CD where wave 1=3 and then ran ….
- REALLY pay attention to the gap that was left a couple days ago – that’s the one which, if gapped down below will cause the island reversal
perhaps NFLX will kick my butt again … we’ll see.
cheers!
B
if you look thru or have been reading my blog you’ll realize that the patterns do fail .. invariably when this occurs I’ll go back to the drawing board and come up w/ another PATTERN. check out WYNN … you never know what’s going to happen and the PATTERNS do fail. manage the risk …
$NFLX has beaten me – alot. Uncle ….
https://bartscharts.com//?s=NFLX
that being said, I hit erase all on $NFLX chart and took a fresh look at it … I still see 5 waves up w/ no RULES broken so the count is valid and there’s monthly bearish divergence and we are about to tag the upper long term trend line that is roughly 10 years old. I still say be careful up here but .. again … UNCLE.
NFLX Monthly
but what’s the next pattern or set of target areas? No flipping idea …nope, not going to do it.
“f’it dude, let’s go bowling”
the march to 6200 continues …
Posted on February 14, 2017 1 Comment
perhaps 5866 stops it but folks .. we have a perfect sell PATTERN at/around 6200 ish.
also, note the to cycle that got DESTROYED .. this puppy has some more juice.
short term – 3-5 pullback for a couple months then higher to tag the upper target?
anyway – here’s the picture … UP UP and AWAY.
just buy, the market will NEVER GO DOWN and IT ALWAYS GOES UP! 🙂
