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

GE for a friend … let me know if you have any questions UPDATE: 03/31/2018

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.

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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”

GE – ratio analysis, it’s the lowest in 40+ years

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

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12/7/2017 – see below. it’s pretty darn busted up …

Continue reading “GE – ratio analysis, it’s the lowest in 40+ years”

GE for a friend … let me know if you have any questions.

wait for a little lower?

note all three legs up (blue arrows) were exactly the same and so this move down was to be expected.  using the last ‘big’ move down as a projection and it comes into that 23-24 area.

I DO NOT LIKE THAT IS HAS REACTED WEAK ON THE LONG TERM LOG TREND LINE FROM 2009.

B