

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
03/31/2017 – I like the .786 level in/around 10.95-11.56. Note the percentage change from the 2000 high (-64.69%) and how that same percentage change is present now right at the .786 retracement. We are at 40+ years low on the RSI and some overlapping ratio’s. It’s do for a very nice bounce.
12/7/2017 – see below. it’s pretty darn busted up …
— Continue reading “GE for a friend … let me know if you have any questions UPDATE: 03/31/2018”
02/03/2018
have been eyeing GE BUY for the past couple weeks and am still hawking the 13.70-14 area. decided to do a ratio analysis of GE/NYSE. Folks, it’s the lowest relative strength for GE versus the boarder market (NYSE) in 40+ years.
from a contrarian perspective .. this puppy is really really beaten up. am going to try and work on some ‘timing’ over the next couple days. NOTE – we are at ALL TIME LOWS in 40+ years on the ratio BUT have not made a NEW LOW on the price chart. hmmmm
12/7/2017 – see below. it’s pretty darn busted up …
— Continue reading “GE – ratio analysis, it’s the lowest in 40+ years”