expanded flat correction ID’d. suggests some more up and down into the lower BUY zone in the coming days weeks
couple years ago ID’d a 5 wave sequence that was completing and then the triangle (which now appears to have been part of the ongoing correction in the B-wave) and now see this entire move since “5” ended as an expanded flat correction where “B” goes above “A” and then “C” takes a big old plunge … if (the big IF) my count is correct in ID’ing and expanded flat correction, then it looks like we have a little more up and downs before we go lower into the buy zone. right now, it’s a pretty big BUY zone w/ almost 20 points between the low and the high portion of the zone. will tighten the range once we have another week or so action …
the ‘book’ says it should break down but not sure I trust the book these days … go w/ the flow I say.
patterns worked in this case – they don’t always (see UAA) but the pattern hit at 247 and the stock dropped to 90.
now we consolidate in a triangle … who knows what’s going to happen next so go w/ the flow.
just an update.
be well, do good, rock on – ok?
B
was on some quick travel today and saw the “twitter-verse” (read universe) rocking and rolling about BIDU. I remembered that I had done a post in November 2014 about Twitter and — believe it or not in March 2014 (almost a year ago). In March, as soon as we made the new high from July 2011 I was starting to look for a 5th wave. As you can see below, in March that was too early. Now, it did hit the target and back off roughly 30% but, ultimately, it kept plugging upward.
So, back to the drawing board, and per below came up w/ 250 as the next target. That one has held – for now – and just looked at the “after market” and she sold off roughly 10% and is trading at 195 bucks.
The “targets” that are derived are pretty good … the waves are pretty good but folks, it’s all probability. the face that we are down to 195 a year later doesn’t surprise me and the fact that 250 held (to the cent) per the work below doesn’t surprise me. And, one last, guess what? The fact that 250 got rolled over to the upside wouldn’t have surprise me either …
PICK your edge … fundamentals, basic technical analysis using moving average and oscillator stuff, flip a coin, music … it doesn’t matter. All your edge is going to give you is a higher probability of something happening than not happening … So, if it works, great. If it doesn’t, great.
Just decide how much your going to lose and that’s all that matters …
Rock on dudes and dudettes!
Bart
OBTW – check this out.
250 high
Square root: 15.81
Square root – 2 = 13.811
(13.811)^2 = 190.75
please take a look at the chart …you can’t make this shit up.
BIDU after hours w/ square root target shown
11/11/2014
was too early on this count, as you can see below. Now, we are approaching some very stiff resistance as shown. another target is 295. all that being said, still believe we are in the 5th wave advance here ….
03/31/2014
CLIFF NOTES: very strong probability that a 5 wave advance is complete on BIDU
Here’s the last look at BIDU working on a 188 target for wave 5: http://bartscharts.com/2013/10/21/the-ray-charles-count-on-bidu/
Let me rephrase that …it’s ALWAYS probability and nothing is certain.
Sometime it works and sometimes it doesn’t – worry about the losses (i.e. control the amount) and everything else will work out.
All that being said I can say, with certainty, that the big players have no idea I’m sitting in my home office coming up w/ targets based on PATTERNS w/ their genesis from sacred geometry and music.
so, riddle me this batman … as you can see below $BIDU stock went right up to 250 and ALL the BUYING simply stopped and the selling began.
why? is it coincidence that the math supporting music (which is a vibration of course) pointed to this EXACT number as a target?
YES, you know it is ….all the earnings, P&E ratio’s, analysts, fundamentals, insider trading, options, sentiment, etc. pointed to this number.
Personally, I think PATTERNS work EVERYTIME because they let you know EXACTLY where you are wrong.
Bart
BIDU gap down today
here’s a chart showing the initial square root target from 250.
((square root of 250)-2)^2 = 190.75
it held the market for a month.
BIDU after hours w/ square root target shown
11/11/2014
was too early on this count, as you can see below. Now, we are approaching some very stiff resistance as shown. another target is 295. all that being said, still believe we are in the 5th wave advance here ….
was on some quick travel today and saw the “twitter-verse” (read universe) rocking and rolling about BIDU. I remembered that I had done a post in November 2014 about Twitter and — believe it or not in March 2014 (almost a year ago). In March, as soon as we made the new high from July 2011 I was starting to look for a 5th wave. As you can see below, in March that was too early. Now, it did hit the target and back off roughly 30% but, ultimately, it kept plugging upward.
So, back to the drawing board, and per below came up w/ 250 as the next target. That one has held – for now – and just looked at the “after market” and she sold off roughly 10% and is trading at 195 bucks.
The “targets” that are derived are pretty good … the waves are pretty good but folks, it’s all probability. the face that we are down to 195 a year later doesn’t surprise me and the fact that 250 held (to the cent) per the work below doesn’t surprise me. And, one last, guess what? The fact that 250 got rolled over to the upside wouldn’t have surprise me either …
PICK your edge … fundamentals, basic technical analysis using moving average and oscillator stuff, flip a coin, music … it doesn’t matter. All your edge is going to give you is a higher probability of something happening than not happening … So, if it works, great. If it doesn’t, great.
Just decide how much your going to lose and that’s all that matters …
Rock on dudes and dudettes!
Bart
OBTW – check this out.
250 high
Square root: 15.81
Square root – 2 = 13.811
(13.811)^2 = 190.75
please take a look at the chart …you can’t make this shit up.
BIDU after hours w/ square root target shown
11/11/2014
was too early on this count, as you can see below. Now, we are approaching some very stiff resistance as shown. another target is 295. all that being said, still believe we are in the 5th wave advance here ….
03/31/2014
CLIFF NOTES: very strong probability that a 5 wave advance is complete on BIDU
Here’s the last look at BIDU working on a 188 target for wave 5: http://bartscharts.com/2013/10/21/the-ray-charles-count-on-bidu/
was too early on this count, as you can see below. Now, we are approaching some very stiff resistance as shown. another target is 295. all that being said, still believe we are in the 5th wave advance here ….
03/31/2014
CLIFF NOTES: very strong probability that a 5 wave advance is complete on BIDU
Here’s the last look at BIDU working on a 188 target for wave 5: http://bartscharts.com/2013/10/21/the-ray-charles-count-on-bidu/
Cliff Notes: looked at 190 being 5 complete and, while it did work for a while and drop roughly 20% it wasn’t … so now we sit at 226 or perhaps 240 but either way I see 1,2,3,4,5. So, I was early but like Chipotle, believe in a year it will be much lower than current levels. Guess we’ll have to wait and see …
counting waves is hard … you have to develop your eye and you have to figure out when to trust a count or just let it go and “hope” (a strategy) that the count will show itself. I particularly like counts on long term monthly type of charts. simply, all the noise is filtered out and you can get a good look/feel for the overall macro trend in place.
take a look at BIDU …from a counting perspective it’s simply a wonderful picture. just recently we took out that high of wave 3 so the minimum expectation has been met but there is some serious strength so perhaps we go up and tag the 180’s-200’s. here’s what I do know … that count is something Ray Charles could see! (nothing against Mr. Charles – his music and soul changed the world)
so caveat emptor w/ BIDU and isn’t interesting to see BIDU in the last stages of it’s count as the NASDAQ is going up and tagging the targets we are watching closely … things that make you go hmmmmm
