so … who is eating who?

last post on current market conditions: https://bartscharts.com/2021/10/17/sometimes-you-eat-the-bar-and-sometimes-it-eats-you/

if your someone trying to get short – sure looks like the bar is eating you …if your trying or are long looks like you are eating the bar … man, this is interesting.

1/ as a PATTERN recognition expert I can say that the PATTERNS for selling equities FAILED over the past two days.

2/ as an intermarket musician I try to look at everything ….

3/ so lets do that ….

  • the PATTERNS have failed
  • Palladium really looks like another leg down … Palladium down has been equated to NASDAQ down and, to a certain extent, equities down
  • NFLX … man, that pattern is REALLY close …
  • Banking Index – again, a MASSIVE pattern a little higher …
  • XLP/NYA – certainly might have BROKEN DOWN (equity strength) of the 7 month channel …

so what do we do ..

me?

sitting on my hands and looking for a simultaneous 1/NFLX target hit and 2/ BANKING INDEX hit and 3/ XLP/NYA target hit and then SHORT the NASDAQ w/ a vengeance ….

until those 3 criteria are hit I’ll continue to lick my wounds on MJ 🙂 but … seeing the “numbers” come together for NFLX makes me think I might have to break out my timing work … as a side note I recommend you go and BUY Connie’s book (novel, war and peace) the 32nd Jewel .. it’s mind blowing and I’m only on the 3rd chapter because I find myself against a wall and then I go and “find” (I wonder how I find them) books on number theory and Planks constant and inverses and … the rabbit hole just spirals so I’m reading Robert Edward Grant’s “Philomath” and – total mind blown – but it’s helping me go back to Ms. Brown’s expose and the TIME factor becomes understandable but – it’s still elusive in nature – so when I get a bunch of numbers coming together I work backwards to figure out – what- exactly – is the VIBRATION that NFLX is rolling along with …..

the KEY is the DATE of the IPO and, I think (I’m still learning) that first “long term” pullback from the initial impulse move … that is where the rock hits the water and the height of the drop, the weight of the rock , the wind, the moon, the tide and ANYTHING that is PRESENT and PHYSICAL interacts w/ the waves to create the moves we see … it’s really that simple.

IF (and trust me it’s a BIG IF) that’s the case then wouldn’t the mathematics of the ancients (note, probably you and me and anyone else present right now … ) that govern natural harmony work on the markets?

YES .. join me going deeper and deeper and deeper into the rabbit hole …

chart of the year ….
nothing “truly” goes down till the banks go down … pretty big target approaching …

Palladium and the dead cat?

last post on Palladium: https://bartscharts.com/2021/08/22/important-correlation/

think about it … went to a long term Palladium chart and was able to calculate the low of 80 ish in Jan 1991 (yeah, 30 years ago) and then figured it was close based on the sell off .. well we hit it and YAWN HO HUM I would expect it to EXPLODE off that level … certainly looks like a dead cat bounce to me … hmmm

I like the lower blue level for BIG support and then, perhaps, a chance to buy or get the bounce and exit before it really gets ugly. (hint hint – it isn’t yet)

the Big Short (a pun)

below you will find the SHORT DOW ETF called SDOW. it’s pretty fascinating if you think about it or look at it .. your preference.

basically right around the start of the pandemic around the week of 02/14/20 the volume was HUGE and the SDOW went on a nice run higher. well played … but since then it’s down basically 10X and there is still a lot of buying …

look to the far left and this ETF fell so far and nobody was interested and then last year hit and someone/somebody has been buying and selling this security …

now, of late, if you look closer to the last couple candles and corresponding volume you’ll see that the most BUYING volume ever has come in AND the price as pretty much stabilized at/around the low 30’s ….

you going to BUY SDOW down here …?

YEW ….

How logarithm’s, music and math yield 40,655 as a target for the DJIA

If you have gone down the rabbit hole that I have (hint it never stops) then you uncover tidbits of information that you would never think were important but one of those moments of “that’s cool” and move on …

I am eyeing a NICE currency position and then ended up cruising around the charts and was looking at Monthlies on a bunch of stuff. The charts reminded me of some of my early market music stuff and I figured I would go back and check em out …

Came across this long term DJIA chart ( I won’t bore you the importance of logs, numerology, blah blah and read the first sentence above. :)) It’s a technique for price projections that I learned from my friend and mentor, Michael Jenkins (www.stockcyclesforecast.com – RECOMMEND), and the results were pretty astounding.

I’ve shown some past blogs around the importance of the number 28.48. It’s a key PRICE NODE that has been at most tops and bottoms. So using it as a projection technique? Why not!

Then, you know I love music so … why not combine them w/ rates of change (logs) and … well the result is below. The use of logs and musical note ratio’s from the all time low on the DOW have been almost exactly the price using the log projection w/ the musical note E ratio.

The next appearance of this PRICE is 40,655 as annotated on the chart. One last, take a note of the blue arrows. the basic AB=CD lands, close enough, right on our target.

At this rate, from a timing perspective, it’s not that far off now is it ….?

Cycles are lining up, just saying.

Bart

below, note the symmetry of the projections and how, at least for now, EVERY MOVE, has been equal to each other and aligned w/ the Golden Mean.

the importance of 28.48

make sure you keep 28.48 key level/node in your toolbox as the volatility continues to run its course …

I’ve been using the all time low on the DJIA in 08/08/1896 – 28.48 as a KEY node responsible for major support and resistance. as you can see in the chart below, it’s been present at the 1987 crash low, 2002 low, 2009 low and most recently the crash low in 2020. also, if we take that all time low and use the high in 2007 as our AB leg then 1.618*AB = all time high on DJIA.

certainly smells like one more leg down to complete a 5 wave sequence. I’ll be watching for the same percentage decline as 2007-2009 or one of the retracement levels that can be derived from 28.48.

for now, w/ so much crazy volatility be aware where these key levels are going to be going forward and, please, make sure you use 28.48.