NYSE Index – UPDATE
Posted on April 9, 2016 Leave a Comment
did a little bit of work on the NYSE for my friend Larry P and found some pretty interesting “form and proportion” w/ regards to the $NYSE.
folks, it’s almost ALL the SAME.
Here’s what I see on this chart:
- note the blue triangles
- the vertical represents PRICE and the horizontal represents TIME
- from 2007 high we went down into the area shown “started down” and consolidated for, roughly, 6 weeks and then it broke.
- in Nov 2008 we found a low and rallied the EXACT same as the rally after the first break (the dashed black line)
- form the 2009 lows we move up into May 2011 and then corrected – the EXACT same price. Note, the time was “off” but when it did hit the same TIME the market fell, found support and rallied up into the May 2015 highs.
- we’ve corrected DOWN the same amount and rallied UP the same amount (black arrow) and we are at the “time” for it to start down again.
- the vertical represents PRICE and the horizontal represents TIME
guess the big question is will it start DOWN DOWN or will it find support.
I do not know ….but what I do know is it appears ready to start a leg down. If your a bull then WAIT for the first BULL PATTERN to appear. If your a bear, get short in/around here and stop out above the black arrow. Hope this helps.
$TSLA
Posted on April 5, 2016 Leave a Comment
04/05/2016
As you can see the pattern in/around 173-179 got smoked. Folks, they don’t all work … but you also see I mentioned 153 would be the next stop.
so, patterns work and patterns fail. want to show you the NUMBERS that led to the next target (I hate the could have would have should have but just want to show) and also note the measured moves UP that TSLA has done. don’t be greedy, were at an important level right now.
Bart
so from my fellow geek technician JC he always loves the “from failed breakdowns/ breakouts come strong moves” well here is a possible set up.
as a PATTERN guy what I have found is – totally technical – there is a reason for the market to stop at resistance or support.
in this case for TSLA you can see it’s “respecting” the .618 retracement from the last low … EVERYONE is watching this level and horizontal support.
and, if it breaks down, then “everyone” shorts and right below this breakdown level? 3 patterns coming in 173-179 ….
- pay attention to the “shaded blue triangles” as they represent equality in both PRICE and TIME. Appears 2/10 is the time frame for this level to be really equal in price and time. TBD …
- this type of pattern is a classic “FLAT” Elliott Wave correction … so, if TSLA is to go higher, believe this level needs to hold.
watch this level closely.
as a corollary, if we have a daily close below 173 then we have 153 and then, potentially, lower in the future.
let me know if you have any questions.
B
DJ Utility Index – important SELL pattern formed/forming. heads up
Posted on April 5, 2016 Leave a Comment
04/05/2016 – as you can see below, the pattern failed on the Dow Jones Utility Index in/around 560-570 and propelled higher.
now, per the chart below, you can see we are at another crucial juncture. the “blue arrow” represents the MAXIMUM that the Utility Index has moved since it’s low in 1942. In around the orange triangle labeled 3 (for the 3 drives to a top) the average should run into MAJOR resistance. this “should” put pressure on the bonds ….also, note the monthly bearish divergence present.
Warning sign, pay attention.
back in April 2014 (https://bartscharts.com/2014/04/19/dow-jones-utilities-long-term-1942-price-pattern/) we ID’d a long term pattern that was completing. the market subsequently went up into Jun/Jul and hit the target. now it appears we “might” be carving out a Head and Shoulders Daily topping pattern. Note, this same pattern came into play on a MONTHLY basis during the 2007-2008 time frame.
the reason we are watching this closely is because of the presence of this long term topping pattern that has hit and held, thus far.
Final copy of brief …
Posted on April 3, 2016 4 Comments
Might tweak it here and there but this should be it:
Looking forward to it, let me know if you have any questions.
Bart
thinking I’m going to use these slides for the “conclusion” and “summary” portion
Posted on April 2, 2016 2 Comments
limited in time but wanted to tie it all together like a Seinfeld Episode, so to speak.
Bart
Virtruvian Man and the market … square that circle!
Posted on April 1, 2016 2 Comments
having a blast putting together my presentation .. the only problem, I have TOO MANY charts. LOL …
I’ve added just a little bit more flavor to the intro and I’m trying, in 10 charts, to simply show:
- EVERYTHING is a system of pure pattern in FORM and PROPORTION
- EVERYTHING vibrates and puts off a sound or signature
- IF we understand SOUND then we can understand the universe
- Study sound thru the principles of music
- Apply this study to the market …
so now that the theory is done … I worked my way over into the Virtruvian Man and the POWER and real meaning behind that drawing by Davinci and, yes, applied it to the market. Had to cut out some of the slides because there isn’t enough time but thought it was interesting to see how one can “square the circle” in the market.
Believe it, or not?
Make it a great weekend.
B
US Dollar Index – doing what it always does but the EURO is throwing an important head fake
Posted on March 31, 2016 Leave a Comment
I believe the US Dollar Index is coming close to completing a year long “flat” corrective move and will, over the coming, weeks explode to new highs.
There, I said it. I have no idea what the fundamentals say, what Janet Yellen says, blah blah. All geometry and music – all the time.
Here’s the corrective moves of the past .. they have ALL arced out a “N” corrective move (see red lines on chart below)
also, notice the 3rd of a 3rd thrust into this higher level … lastly, were getting to the lower level of the RSI (weekly)
the question? why is it holding this support? Well, music of course .. here’s the chart:
from the initial lows we POP up and that move is the corresponding “energy” we use to move the “waves” out .. in this case we used all musical notes from the equal octave scale of music and used “musical” polarity to project the top of the circles as both support and resistance. (see the blue rectangles)
notice how these musical notes formed the channel of support and resistance for the USD…. cool, hugh?
knowing the EURO makes up a majority of the USD Index – let’s see what it’s up to!
as you can see above, the triangle thesis is pretty much “out” but the formation of two very powerful patterns is occurring. I’m going to eye for 200 pips or so higher for another short opportunity.
how about the longer term weekly?
if you take a peak – you’ll see that we still haven’t even reached .382 of the most recent swing high. Additionally look at the TIME of the corrections. next week marks 66 weeks – the longest corrective TIME period since the all time high. (NOTE THERE IS A MISTAKE ON THE 2008-2009 area – it should NOT read 57 weeks but 66 weeks – apologies.)
also, note thee target zone comes right into VERY STRONG POLARITY RESISTANCE from 2004-2005.
Appears “bearish” doesn’t it ….?
WELL, HOLD YOUR HORSES … this could be a HUGE move based on a QUARTERLY LOOK at the EURO:
in this LONG TERM QUARTERLY chart you can see that it produced 2-3 “quarterly wicks” and then dropped .. THE OPPOSITE HAS HAPPENED and w/ the CLOSE of the QUARTER TODAY this is a VERY STRONG CANDLE. This target area shown (blue horizontal lines) must be respected to start the next leg down.
Very crucial and important time for the Worlds Currency Complex across the globe …
Let me know if you have any questions.
XLP / NYA update – heads up and pay attention
Posted on March 30, 2016 3 Comments
03/30/2016
see chart below and let me know if you have any questions .. some things to think about. VERY NICE POP since this post …
let’s not get cocky … trade what you see.
B
so based on the above – certainly could put this into the potential’s out there. just saying …
note the $NYA chart below ….
- blue arrows represent the largest corrective move since 2009
- in the 2007-2008 financial panic this measured move held the market at bay for almost two months
- can you imagine the talking head pundits on CNBC BS’ing about that for two months … blah blah blah.
- we also see the dashed black arrows projection to the exact level as the measured move
- we have weekly bullish divergence present on the RSI
- plus, we are a couple ticks shy of the XLP / NYA ratio in an arena of overbought more than 2009.
so, if were going up … sure looks like it’s about time for that to happen.
here we go …
$HAL ’bout them apples … LOL
Posted on March 30, 2016 Leave a Comment
BOOM …
MATH, nothing more nothing less
- measured move (blue arrows)
- .618 retrace from roughly the all time low at 1$/share
- WEEKLY cycle from 2008
- 3 drives to a bottom into .618 retracement
- bullish divergence
- wrong w/ daily close below recent lows
I do know that Dick Cheney had something to do with it …that’s all I know.
Bart
theory and background charts for my talk ..
Posted on March 29, 2016 6 Comments
thought you guys might to take a look .. I’ve tried to make 10 charts equal 20,000 hours plus studying the geometry and music of the market.
perhaps, perhaps not.
give me some feedback if you have the time.
giving a talk http://www.markettechnicians.org in a couple weeks.
first time I have done this in a long time, hope they don’t kick me out or throw tomatoes at me.
Bart
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