$FB for @seeitmarket
Posted on September 19, 2016 Leave a Comment
pay attention to the converging LOG trend lines
B
don’t worry DB – Shake Shak, TWTR, FB, Chipotle will save you … ugh.
Posted on September 18, 2016 2 Comments
09/15/2016 – does anyone care that 1) DB is below the 2009 lows AND 2) it’s the largest holder of Derivatives (the financial time bombs) in the WORLD and 3) it’s the largest bank over in Europe which is tattering on financial collapste?
Nope, nobody really cares … TWTR, FB, TSLA, AMZN will save the world. If you look at the picture below, imagine WHAT HAPPENS IF DB implodes. See all those red arrows ….? Well, they will affect these banks.
GSIB – Global Systematic INTERCONNECTED banks.
06/02/2016 – Triangles – look SO GREAT after they complete. when your in the middle of one (reference daily/weekly EURO vs USD) you get chopped up and frustrated till you erase your chart and then the c-d-e legs appear. then it’s simply so hard to wait for “e” to complete but you have to …the move out of “e” is “usually” swift and strong … so, this triangle is so perfect in so many ways
- trend line definition
- the length of bc and cd are “usually” .618/.68179 (think music) of the proceeding wave
- none of the moves are showing any major momentum or thrust ….
CONCLUSION: very near a daily triangle completing and then another dump on DB. What the f&^% does this mean for the Euro-Zone and, well, let me just throw it out there .. the derivatives that DB is backing? People lot smarter than me probably know.
Stand by ….
Bart
Vesica Pisces and WYNN
Posted on September 18, 2016 Leave a Comment
Chargers are doing really really well and the marine layer is a butt kicker this afternoon so the family is just staying put and relaxing …I enjoy coming up to the computer and drawing w/ my crayons. it’s relaxing .. sometimes, just to prove to myself I’m NOT crazy in the truest sense of the word (I can promise you, I still am) I’ll just pick a stock and “draw” – circles, squares, angles and just “prove” to myself that YES This stuff does work.
so I took WYNN … no reason, trust me.
OBTW – here’s some work on the WYNN top and the fall from grace so to speak: https://bartscharts.com//?s=wynn
Anyway … look at the chart on a LONG TERM basis and just pick a vector .. draw that vector as the radius of the circle and then draw the remaining vectors which compromise the remaining aspects of the Vesica Pisces. (OBTW and note – they are all square roots of the numbers 1-5. :))
Here’s the charts … I didn’t make this up, I picked WYNN and did the Vesica Pisces.
I’m pretty sure I know why it works (it ONLY works to help you manage risk) but on another note … I know why this “stuff” works … 😉
the origin of trend lines …Facebook
Posted on September 17, 2016 Leave a Comment
IF you believe that EVERY thing is vibration (some do, some don’t) THEN you might believe that stocks bounce around according to the energy they VIBRATE from their IPO and/or key inflection points (highs and lows, etc).
IF you also believe that the PATTERNS I post every now and then are governed by geometry THEN you’ll start to see and understand that the most “basic” yet fundamentally important aspect of what we are doing is based on 30,60,90 degree angles.
FAR too often we just use TIME or just PRICE and draw trend lines or “static” time cycles w/ a cycle tool. Does that work? Sometimes yes, sometimes no BUT the key here is to SEE the chart (HINT HINT take off all the lagging indicator bullshit) and just look/study a chart based on PRICE and TIME.
FB .. has changed the world man. Cool .. but to me, it’s just a chart and a powerful chart. ZERO swing low has been broken (on close) and I recently sent in my submission to Andy @seeitmarket for an update of a post I did using LOG trendlines and to BUY at 88. I’m updating it because we are “converging” from the top and bottom (LOG scale) and it’s going to go either way. (Guess what, I don’t claim to know which way..) But, it’s something to take notice …I’ll send the link once it hits the presses.
So, after doing that post I decided to draw some pictures before heading out on my new Stand Up Paddleboard.
- Find the KEY first initial impulse move (up or down)
- that key impulse move will define the geometry of ALL moves in the future. It’s the rock hitting the water and causes the waves ….
- Use a drawing tool and connect the highs and lows
- Get out a protractor and draw a 90 degree angle.
That’s it .. now, simply create squares.
***NOTE: FB has “never” closed (weekly basis) above the center trend line (the median and YES that is where we get the Adam’s Pitchfork). Note the blue boxes … every time it “touched” the center trend line it was rejected …NEVER closing above.
Now, someone w/ a fundamental background please tell me what P/E, multiple, forward earnings and all that other crap has to do w/ that trendline generated from a square?
One last, if you want, use PLANETS to draw trend lines. Yes, planets .. folks, the planets are causing all the energy/vibrations anyway. they NEVER change speed (heliocentric) and leave footprints all over the place. I’ll use Saturn, Jupiter and Mercury on $CMG and lets see what happens. PROMISE I HAVE NEVER DONE THIS BEFORE …here’s what I am going to do:
- CMG IPO DATE: January 26, 2006
- MOVE SATURN, JUPITER, MARS 10 degrees HELIO and MOVE PRICE 10 degrees up. Where they intersect, draw a trendline.
- from the IPO you can use the “O/H/L/C” to draw the trendlines.
- Turn on Dark Side of the Moon
- See what happens
Bart
E-MINI
Posted on September 11, 2016 Leave a Comment
here’s the targets to the downside for now .. note the blue arrow has been EXACTLY equal to the last corrections each time since March. so, those levels are going to be key as shown by the light blue rectangle.
Remember, we were squaring out “numbers” from the “birth” of the S&P 500 … that’s “usually” a big deal so we shouldn’t be surprised that it gave away like it did on Friday .. square outs from ‘birth dates’ usually cause “stuff” to happen, just saying.
REMX
Posted on September 9, 2016 Leave a Comment
9/9/2016 – important support at 16.58.
- projection and trend line
- IF bullish THEN this should hold it
- IF we lose this level to the downside on a daily close THEN need to reevaluate and WAIT for a pattern to appear lower.
B
Platinum / Gold ratio analysis
Posted on September 9, 2016 Leave a Comment
sure looks like Platinum should start to outperform.
nice 3 drives to a bottom w/ time symmetry.
if these levels fail, we do have a lower target but sure looks like the RATIO wants to go up …
XOM update
Posted on September 6, 2016 Leave a Comment
09/2015/2016 – short zone appears to hold. break below 86 on a daily or weekly close will seek 80 for starts.
04/24/2016 – the “zone” shown below has worked and XOM is rallying in 3 waves. IF the thesis that the high at 104 was a big top THEN this pattern shown below should work. If not, then it will continue higher. This is a very nice sell pattern.
please read the entire post from the bottom to the top to understand what could possibly going on here ….
thanks and hope you have had/are having a good weekend.
Bart
folks – I am sorry that I didn’t post this earlier as this ranks up there as a “no brainer” in my simple mind …
- the ENTIRE KEY is the square root target
- IF square root targets lie on top of 3 Fibonacci retracements and a measured move then Lions (square root target), Tigers (measured move) and Bears (pardon the pun – retracement levels) it is “usually” market magic.
also, the pattern from November 2013 is included. was looking for 101-102. shoot me …
strategy is key here .. as you can see we do have a target a little lower also BUT that daily candle is impressive, wouldn’t you say?
Truncation … low in USD vs JPY in place?
Posted on September 5, 2016 Leave a Comment
the more I look at:
- USD Index “low” in place and advancing …
- thrust/momentum from the lows in the USD vs JPY …
the more a case can be made for truncation as shown below … so, here’s the other side of the coin. going to have to go for it w/ a stop and see what happens … just waiting for a buy pattern to test the thesis.
Bart
Lumber revisited – again …
Posted on September 5, 2016 2 Comments
09/05/2016
I know nothing about the harvesting techniques of wood/lumber.
The post below the two dashed lines is over a year old.
These targets were generated from harmonic pattern recognition.
Notice, there are NO oscillators, moving averages, bands or anything like that .. just PRICE and TIME.
They were all hit … sometimes they work, sometimes they don’t.
There is no “back tested” or “could of, would of, should of”
Patterns exist for only one reason … to let you know when your wrong.
What comes next? I don’t know, find a pattern …
Bart
CLIFF NOTES: below is a weekly continuous contract of the lumber futures. all the ratios come together at 241-242. this is a very nice one….stay tuned. might/could find support a little lower and then it’s off to the races in/around here but the larger pattern is very nice. appears bullish from a WOOD/CUT/Lumber Futures perspective.
Lumber Futures
WOOD – Timber ETF
CUT
