EURO Gameplan
Posted on March 6, 2016 Leave a Comment
olks, it’s been almost a YEAR since the EURO made new lows … and, in the process I have literally, looked to long or short multiple times but it just never felt “right.” so around Dec 2015 and early Jan 2016 it appeared … this puppy is doing a year long triangle.
so, know a triangle unfolds in 5 waves a=b=c=d=e and knowing that it usually occurs after a strong move I see the most current action as “e” and the final wave to complete the triangle.
so, this is where it gets tough … “e” could end in as shown in a couple places. and “e” should unfold in 3 waves.
so it’s still maturing … but we now have some clarity in the potential next move.
remember, it’s hard to catch the break from the upper or lower end of the triangle boundaries because they are swift moves higher or lower.
this move, should, take the EURO into the .99 area.
EMR
Posted on March 5, 2016 Leave a Comment
a bud asked me to take a look at $EMR for him … it shows the “classic” 3 waves to a new low which then results in the classic C wave Up (in this case) and then the trend down should continue (which says “rates” should rise OBTW)
if you want to see the “expanded flat pattern” in work real time on a long long scale take a peak at this move in Dr. Copper:
Again, folks, all of this was REAL time w/ no “could have would have should have” type of stuff. Pure patterns … and math, and music, and vibrations and I digress. Read the above to “see” the PATTERN (Expanded Flat – tip off was a 3 wave to a move high) and the resulting C wave that was very bearish but the PATTERN foreshadowed a TREMENDOUSLY BULLISH MOVE for COPPER to NEW HIGHS and then, well, night night.
Bart
Gasoline Futures, the Aussie and Audioslave …
Posted on March 4, 2016 Leave a Comment
at a certain point you have to ask yourself – are you going to listen to everyone or do the work yourself.
if you want to “feel the Bern” then let him “show you how to live …”
come on man, do the work:
AUSSIE
- monster cycle hitting this month from 1986 on Aussie.
- take note of the “measured moves in price” coming tino the 1986 and 2001 low .. they are the same footprint
- very oversold w/ bullish divergence
GASOLINE FUTURES
- note, 5 waves down on natural gas
- .9438 symmetry
- 1.27 extension
- 1.27 wave 1 = wave 5
- monster bullish divergence …
TWTR angles …and Jupiter
Posted on February 28, 2016 Leave a Comment
it’s a common practice – an a good one – to draw “trend lines” from high to high or low to low.
essentially, trying to connect highs and lows. it does work …but if you stop and think about it, what are trend lines?
they are points in PRICE and TIME that the market balances and either bounces off of them OR goes thru them and, as a chartist, you hit erase and get back to work. you never know “which” one is going to be the “best” or “work” but they do work.
so I like to play around w/ trend lines …
- if Twitter, on 12.26.2013 topped (O/C) around 72 bucks and started down THEN how about a 72 degree trend line down?
- if Twitter then bottomed around 30, how about a 30 degree trend line up …?
- if the market vibrates ( I believe it does and truly DO NOT CARE if you do – just saying what if) then energy foot prints from the planets might leave a signature? perhaps?
- so, using HELIOCENTRIC (sun centered) movements what if we did a 1:1 correspondence of “points moved to distance traveled?”
- let’s use easy numbers like – say 10.
- so, move Jupiter 10 degrees helio and move price 10 degrees and draw a trend line thru that …?
- might be crazy but that Jupiter Helio constant movement give us a nice slope, doesn’t it?
again, it’s a sunday morning and I’m just messing around …
update to TLT and 30 year continuous futures …
Posted on February 27, 2016 2 Comments
02/27/16 – TLT, if correct, should be losing steam over the coming days/weeks. Initial target appears to be 109-111.
note, if this pattern fails, then 145 is a very strong target as shown below. also note, the cycle top times came in w/ pattern completion. right now, favor the short side into the 109-111 area but do want to show possibilities.
$TSLA polarity …
Posted on February 23, 2016 Leave a Comment
if you have been reading my blog you’ll find that $TSLA has had it way w/ the patterns … in fact I blogged that $TSLA took me to the octagon.
so, take this post w/ a grain of salt …
Polarity is powerful … when support fails it becomes resistance AND/OR when resistance fails it becomes support.
we have a 2 year area of support that failed and should now act as resistance.
POUND PATTERN and ramifications
Posted on February 22, 2016 Leave a Comment
If you search my blog for ‘pound’ you’ll see that I’ve been scouting the 1.3932 level for a while.
the first chart below is the PATTERN at play ….folks it’s all numbers and geometry. the Pound went UP the same amount (blue arrows) and now it’s approaching the same amount down (Orange Arrows). that’s it … nothing about exiting the EURO Zone or PMI or any of that other stuff.
the ramifications, shown in the second chart – are big. As you can see, we have a neckline (horizontal light blue line) that has NEVER had a monthly close below. It certainly “tried” 6 times (folks that’s about 6 months worth of time) in 2001-2002 and then in the financial panic it spiked below a couple times but, ultimately, it held.
make no doubt, if we close thru the PATTERN level (1.3932) and have thrust and close below the neckline on a monthly basis (that’s the key) then things could get really ugly over in England.
