I like to draw circles … just work w/ me. how the 1987 low and recent high are connected by geometry

a couple weeks ago I posted this: https://bartscharts.com/2018/08/30/jpm-and-tops-of-circles/

it was some geometric work I did on JPM and ‘real time’ the top of a circle. I do have a theory of ‘why’ this technique works in projecting support or resistance but I’ll leave that to me and some of my friends. it really doesn’t matter – does it?

i’ve been silent on the blog world for a bunch of reasons .. the main reason is a loss that occurred in my family and I really haven’t felt like doing much.  but, the emails have been coming in about the most recent moves.

if you go back and read you’ll find that I was pretty defensive for the entire summer .. did we/me miss some of the last part of these moves – yes but ultimately, the only buy pattern around was ABX and GE.  TBT was also a nice play but the chaos of the euphoria just had me step aside.

so in order to get back into it, I put some Enigma on the Spotify and, specifically, Morphing Thru Time .. pretty ‘trip-in-dicular’ to say the least.

I called up the Dow Jones and could just see the connection between the 1987 low and this most recent high. Tops of circles are cool.

Bart

ABX is the next move higher upon us? Take a look

10/21/2018

as you can see below, we thought the 11-12 wave promising but the form, proportion and balance hinted of one more lower … that proved to be the case and the 9’s held. I’ve included another nice timing tool.  sometimes – you have to play w/ it  as nothing is perfect – you put the radius vector underneath the high instead of using the low to high vector.  where the circle lands at the 3 o’clock position AND a pattern is visible you have a nice time component …

anyway, IF (always the big if) the count is correct this puppy could roll into the high 20’s and shoot for 28 believe it or not.

look to buy the first pullback …

Bart

Page_18-10-21_09-47-30.png

 

07/21/2018

Note, ABX completed a nice buy pattern at 11.10.  the 11-12 area is promising BUT wave counts could have 1 more move lower into the mid 9’s . either way, believe the next larger move is higher for ABX.  if you look at the charts below, you’ll see the ‘reason’ for the low in the 6’s.

keep this one on your radar screen.

Bart

 


 

04/11/2016 update: ABX gap up today was impressive. this puppy is on a tear ever since it closed at the low of 6.18. HA … pretty cool.

Page_16-04-11_20-24-08



 

 

 

Page_16-02-19_17-00-02

going back in time, here was the set-up.

$ABX - NOTE the bullish divergence 2 years in the making
$ABX – NOTE the bullish divergence 2 years in the making

So, again, PATTERNS fail and PATTERNS work and it’s all about managing the risk.  NOTE – it went below the “actual” pattern by 60 cents or so but “ultimately” close right at 6.18 (.618)  It’s a Friday and, frankly, I’m too tired to figure out “why” it stopped where it did … but, trust me, there is a reason.

have a good weekend …

B

PS — note, looks like a we are in a 3rd of a 3rd so a pullback “could be coming … believe 18-20 dollars is a very nice target to shoot for.  Will watch over the coming weeks.

meanwhile, in other news … $ABX continues higher (still cool that the low close was 6.18)

Page_16-02-19_17-00-02

going back in time, here was the set-up.

$ABX - NOTE the bullish divergence 2 years in the making
                                    $ABX – NOTE the bullish divergence 2 years in the making

So, again, PATTERNS fail and PATTERNS work and it’s all about managing the risk.  NOTE – it went below the “actual” pattern by 60 cents or so but “ultimately” close right at 6.18 (.618)  It’s a Friday and, frankly, I’m too tired to figure out “why” it stopped where it did … but, trust me, there is a reason.

have a good weekend …

B

PS — note, looks like a we are in a 3rd of a 3rd so a pullback “could be coming … believe 18-20 dollars is a very nice target to shoot for.  Will watch over the coming weeks.

Meanwhile, ABX is hanging in there …

can see a mintor 5 wave move up from current levels. IF this is BULLISH THEN we should not break the lows at 6.00.

go to the site and “search” ABX .. you’ll see I’ve watching the 6-7 level closely for a while.

need some THRUST and MOMENTUM to get this thing going ELSE it’s dead.

Bart

ABX
ABX

ABX update

well this puppy is a dead cat, hugh?

here’s some former posts on ABX – http://bartscharts.com//?s=abx

note the current price action on a monthly log chart – low, open/close, current “high” for the month close all at the level were targeting….guess if it blows thru here it could go down below a buck?  watch this one folks, “popping” here isn’t out of the question.

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ABX held up nicely, not out of the woods yet

today, $ABX held up nicely. looking for a nice bounce from here …

Main20150811215019


 


 

$ABX target hit …

Target Hit ...
Target Hit …

 

5 minute chart ... "6.84 looks promising"
5 minute chart …
“6.84 looks promising”


 

 

the press is out and the Gold Bulls are only 13% bullish … the “look and feel” of Gold is that it’s “done” and in a bear market to stay … while stocks like $NFLX, $GOOG, $DIS, $NKE continue their parabolic ascent the “crowd” is pitching out and now it’s time to focus our efforts and sectors that have really been hammered.

Here’s a chart of $ABX.  6.84 sure looks promising.

Thanks for reading.

$ABX - NOTE the bullish divergence 2 years in the making
$ABX – NOTE the bullish divergence 2 years in the making

Target hit on Barrick Gold ($ABX)

$ABX target hit …

Target Hit ...
Target Hit …

 

5 minute chart ...  "6.84 looks promising"
5 minute chart …
“6.84 looks promising”


 

 

the press is out and the Gold Bulls are only 13% bullish … the “look and feel” of Gold is that it’s “done” and in a bear market to stay … while stocks like $NFLX, $GOOG, $DIS, $NKE continue their parabolic ascent the “crowd” is pitching out and now it’s time to focus our efforts and sectors that have really been hammered.

Here’s a chart of $ABX.  6.84 sure looks promising.

Thanks for reading.

$ABX - NOTE the bullish divergence 2 years in the making
$ABX – NOTE the bullish divergence 2 years in the making