GOOGL – SELL PATTERN

SELL PATTERN completing a little higher and its behavior will give us a good idea of the overall market …

folks, it’s all that it is ….it’s the famed Gartely 222 Pattern which has the following:

AB=CD – yes we have that

.618 or .786 retracement – yes we have that

an 1.27 or 1.618 extension pattern – yes we have that

so, folks, it’s “just” a sell PATTERN on an important stock and IF (the big IF) it works THEN the market will probably follow. right? kinda?

OR the PATTERN fails (which does happen) and IF (the big IF) it fails THEN the market will probably follow. right? kinda?

therefore – sell PATTERN works GOOGL should go down and the market will go down.

else – sell PATTERN fails and GOOGL should GAP (more than likely) over the pattern (happens all the time) and the general market will follow …

GOOGL – SELL PATTERN and that’s all it is …

GOOGLE update

07/16/2017 – well, the area defined below did hold and, thus far, show a lot of strength blasting off from this area.  for now, would look for 998-990 to act as near term resistance.  There isn’t a lot of form/structure to look for a pattern SELL so for now watch the numbers discussed in the last sentence.

Chart below is an intraday – 4 hour chart of GOOGL.

Hope your having a good weekend.

Bart

 

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I’ve spent some time over @seeitmarket working on GOOGLE.  This was my last post:

https://www.seeitmarket.com/google-stock-update-googl-watching-top-trading-15550/

As you are probably aware, it blew thru the target area. Now, it did spend roughly a year and half at the target level but in the end it blasted off.

Back to the drawing board …

Where are we now .. well, being a pattern dude and trying not to inject personal opinion I just try to call it like I see it.  GOOGLE has a nice pattern hitting … so if the bull run is to continue current levels or a little lower need to hold.

I tried (being the operative word) to give a realistic count.  Ha, that didn’t work … but I know where waves 1 and 2 are!  I’m going to keep the rest of the chart after 2 clear .. want to see what happens around the buy level above. But note the chart below .. some interesting stuff going on …AB=CD (blue arrows), Wave 1 equals the current wave .. and wave 1 *2.71828 exactly nailed the top (yes the natural log number – it’s a key number folks).  So, we shouldn’t be that surprised on the resistance found on GOOGL

Also, you know I love long term LOG trend lines.  As the chart below shows, we have 3 key trend lines … I recommend monitoring the blue and red lines.  the blue, from the polarity principle, SHOULD be strong support. If that breaks, then a move to the red trend line (the one that has been the key support for ALL advances) should get attacked.  IF WE BREAK BELOW (on a weekly close (?)) THAT TREND LINE THIS PUPPY COULD REALLY ACCELERATE TO THE DOWNSIDE.  So, monitor GOOGL closely.

GOOGLE update

I’ve spent some time over @seeitmarket working on GOOGLE.  This was my last post:

https://www.seeitmarket.com/google-stock-update-googl-watching-top-trading-15550/

As you are probably aware, it blew thru the target area. Now, it did spend roughly a year and half at the target level but in the end it blasted off.

Back to the drawing board …

Where are we now .. well, being a pattern dude and trying not to inject personal opinion I just try to call it like I see it.  GOOGLE has a nice pattern hitting … so if the bull run is to continue current levels or a little lower need to hold.

I tried (being the operative word) to give a realistic count.  Ha, that didn’t work … but I know where waves 1 and 2 are!  I’m going to keep the rest of the chart after 2 clear .. want to see what happens around the buy level above. But note the chart below .. some interesting stuff going on …AB=CD (blue arrows), Wave 1 equals the current wave .. and wave 1 *2.71828 exactly nailed the top (yes the natural log number – it’s a key number folks).  So, we shouldn’t be that surprised on the resistance found on GOOGL

Also, you know I love long term LOG trend lines.  As the chart below shows, we have 3 key trend lines … I recommend monitoring the blue and red lines.  the blue, from the polarity principle, SHOULD be strong support. If that breaks, then a move to the red trend line (the one that has been the key support for ALL advances) should get attacked.  IF WE BREAK BELOW (on a weekly close (?)) THAT TREND LINE THIS PUPPY COULD REALLY ACCELERATE TO THE DOWNSIDE.  So, monitor GOOGL closely.

the FANG GANG- where are we now

11/5/2016 – I really enjoying blogging for Andy @seeitmarket.  he’s such a great dude, great family and he’s created one of the best resources for quality and professional research.  Over the past year or so (yes, year or so) he’s given me the opportunity to blog/write for his site.  Every once in a while I’ll text him and say “what do you want” and he’ll give me some ideas.  Over a year ago he told me to start watching the FANG gang. So, I did …

F- Facebook

A – Amazon, Apple (you pick)

N- Netflix

G- Google

over the past couple months, these stocks have been responsible for 25% of the NASDAQ’s gain.  That’s a heck of a lot of exposure ….but, in the end, the geometry told the story.  here’s the story …

Facebook: http://www.seeitmarket.com/facebook-stock-update-fb-big-moving-coming-soon-16078/

Amazon – http://www.seeitmarket.com/shares-amazon-amzn-nearing-top-trading-15950/

Apple – http://www.seeitmarket.com/aapl-stock-update-heres-bullish-aapl-buy-setup-15618/

Netflix – http://www.seeitmarket.com/netflix-reverses-could-icahns-move-mark-nflx-stock-top-14506/ (note, this one went to a 1.27 x AB-CD pattern)

Google – http://www.seeitmarket.com/alphabet-stock-googl-critical-time-price-juncture-investing-16218/

what the articles show is these stocks are hitting / have hit MAJOR targets and, well, believe it or not could be in for some very very turbulent times in the coming weeks/months.

Stay tuned, but if history is any guide, one would expect some clear leadership from these names but they have hit major patterns and square outs SO … not sure what the fundamentals are telling us but based on this past weeks action they appear to respecting the geometry/vibration/patterns present based, simply, on numbers and math and music and blah blah blah.

stay tuned and let me know if you have any questions.

Navy over Notre Dame – woot woot.

Bart

go ahead and hate … CSCO appears ready to breakout and outperform

03/14/2016 – update

the move down to 16 did not materialize but do believe the Mirror Image Foldback is still working. Put this one on the radar screen as it appears to be getting ready to blow. An update chart below:

Page_16-03-14_22-11-44

PUT THIS ONE ON THE RADAR SCREEN ….

now, look at these relative strength charts of CSCO vs FB/GOOGL/AAPL/AMZN

Page_16-03-14_22-14-58 Page_16-03-14_22-16-43 Page_16-03-14_22-20-48 Page_16-03-14_22-25-49

believe it or not … the glamour names certainly look to be under pressure from CSCO and it “should” start to outperform on a relative strength basis. With this type of underlying strength, watch for the breakout noted above.

Let me know if you have any questions.

B



 

 

a move down to 16 would be a NICE place to BUY for a potential foldback as shown ...KABOOM (?)
a move down to 16 would be a NICE place to BUY for a potential foldback as shown …KABOOM (?)