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$PCLN and a potential mirror image fold back
Posted on September 25, 2015 Leave a Comment
have blogged about “mirror image foldbacks” before … when they work they are truly amazing. do a “search” for Mirror Image Foldback on this site and you’ll see the work. right now, it appears the Natural Gas Mirror Image Foldback is at risk of feeling … other than that, most have worked. here’s the picture […]
Parabolic Moves have NEVER ended well …
Posted on March 30, 2015 1 Comment
Below you’ll find charts showing the parabolic blow-off of the NASDAQ, CTX (housing), LEH (banking/investments), JEC (oil services), Green Mountain Coffee (GMCR) and Apple (right before it lost 50% of it’s price – remember?) The reason I post these charts is because when I look at IBB, NKE, XLV, etc I see the SAME PATTERN. […]
JEC, SILVER past fractals and the Pound
Posted on November 5, 2013 2 Comments
Foldbacks are amazingly accurate patterns … they occur on anytime frame and basically give us the “mirror image” of a move … the theory is as they come into an inflection point they will go out of the inflection point the same way. for those still versed in geometry, it’s basically the angle of incidence […]
Bart's Charts 