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JPM update
Posted on November 19, 2016 2 Comments
11/19/2016 – update to JPM. the pattern in/around the 60’s caused quite the chop fest but was, ultimately, defeated. now, since the election, JPM has vaulted out of the gate into the ‘big AB=CD’ and extension area … because of such a big candle coming into this level, it begs of caution if trying to […]
JPM Voo Doo – redux
Posted on December 26, 2014 Leave a Comment
Folks, we have now closed above the PATTERN level. If we get thru 63.63 on a weekly close then this PATTERN has failed and JPM is off to the races. Again, this is a MONTHLY PATTERN. When they fail … things really take off. WATCH CLOSELY! Folks, almost a year ago this pattern was […]
JPM Voo Doo
Posted on October 3, 2014 Leave a Comment
Folks, almost a year ago this pattern was ID’d on JPM … pretty crazy hugh? here’s the updated chart – pattern appears to be hanging in there. any daily close above, say, 63 would be a pattern failure IMHO. again, before hitting the sack, it simply amazes me that I can sit here in my […]
JPM updated w/ a SELL pattern complete
Posted on August 29, 2014 Leave a Comment
August 29 2014: when we use PATTERNS on weekly and monthly charts PATIENTS is a must. If you take a look at the thread below, the JPM PATTERN was identified back in November 20013 and then didn’t hit for 4 months. It hit, perfectly, and fell roughly 20 percent. The rally has been roughly 203 […]
this never gets old …
Posted on April 18, 2014 Leave a Comment
CLIFF NOTES: I have NEVER taken an econ or business course in my life. I wouldn’t begin to even know how to look at anything that has to do w/ the fundamentals. I am not saying that fundamentals (CFA) aren’t applicable or don’t work or anything like that … I am only saying I know […]
JPM updated w/ a SELL pattern complete
Posted on March 23, 2014 3 Comments
in November 2013 we targeted this area as a SELL pattern: JPM beautiful sell pattern much like the movie Inception w/ the dream w/in a dream w/in a dream concept we also like PATTERNS to behave in the same manner. a pattern w/in a pattern w/in a pattern. all this does is increase the probability of […]
remove bias, trade what you SEE – JP Morgan
Posted on December 31, 2013 Leave a Comment
does ANYONE remember the EMOTIONS of March 2009? do you think ANYONE in their right mind would recommend a BUY on the XLF in MAR 2009? well, just as a reminder here it is … why am I pulling this thread right now? well, the past couple days I have received some very convincing emails […]
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