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 …

AAPL and GOOG patterns completing …

here was the geometry for the top in AAPL:

http://bartscharts.com/2013/08/20/sir-issac-newton-and-aapl-fell-from-the-tree/

here was the geometry for the low in AAPL:

April 7 2013 AAPL daily April 7 2013 AAPL monthly

as we approached the low a very symmetrical 3 drives to a bottom appeared:

dec 06 2013 AAPL bottom

the “first” top that appeared gave us a sell signal and about 70 bucks but the market moved up and higher …now, we are completing another pattern along w/ returning to the trend line on AAPL.  So, this is a very crucial juncture for the market …

Dec 06 2013 AAPL Dec 06 2013 AAPL trend line

GOOG — how UnAmerican can you get – trying to short GOOG?  Well, it’s just numbers and patterns so guess what we are “there” again w/ GOOG so after the near knockout punch of a simple 100 point gap in your face – why not?

here’s the blog of the “next” target:

http://bartscharts.com/2013/10/21/more-pumpkin-soup-added-a-new-ingredient-to-the-recipe-goog/

here’s the update:

Main20131206051946

More Pumpkin Soup … added a new ingredient to the recipe: GOOG.

classic or not that certainly proved to NOT be a head and shoulders neckline but a launching pad for a SATURN 5 and kaboom it exploded.  as you can imagine the short well, took it on the chin to say the least: http://www.youtube.com/watch?v=05PKG_pWsVY !

Howard (Founder/CEO of Stocktwits) commented “as for me, I’ll stay long.”  WELL PLAYED …

as for me, I’m licking the open chest wound and trying to put it all in context…

  • that one day accelerated price action to such a degree that in one day it EXCEEDED the entire MONTHLY price action since GOOG’s IPO.  Seriously…?
  • the NASDAQ 100 has SO MANY parabolic charts it’s downright scary … have we not learned our lesson?
  • the NASDAQ 100 continuous futures contract is right at major resistance / SELL pattern area
  • Palladium has a very nice daily sell pattern about to complete (nice correlation in technology stocks and the palladium metal)
  • our 925 level held for 6 months and then, kaboom, it exploded ..hugh?
  • so, if at first you don’t excede, try try again (?)
  • here’s my next set of targets w/ regard to GOOG

next set of targets ...
next set of targets …