Tag: #@seeitmarket

the march to 6200 continues … an important UPDATE 04/28/2017 @seeitmarket

04/28/2017 – an update w/ the gang @seeitmarket

https://www.seeitmarket.com/nasdaq-composite-nearing-major-price-target-16812/

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03/21/2017 – update

if you look at the chart below … you’ll see the blue arrow measured move from the 2002-2007 hit pretty much spot on ….

I add this to the “march” to 6200 because, well, I still think that is the target.

as for my followers – YOU know that I hate to give you the ‘could have’ and ‘would have’ and ‘should have’ w/ technical analysis …I have been pretty busy over the past month.  So, I hastily sent this to a few friends around the banking index in a moment of free time….. the reason I’m showing this is two fold:

  • PATTERNS are all PROBABILITY ….
  • the BANKS lead us UP and they lead us down …
  • I really really don’t want to show anyone the world of ‘could of’ and ‘would of’ and ‘should of’ … but do want to give some heads up ..
  • just trying to help folks …

The “greatest gift is gold ” U2 ….

Use a stop.

Good night …

B

 

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perhaps 5866 stops it but folks .. we have a perfect sell PATTERN at/around 6200 ish.

also, note the to cycle that got DESTROYED .. this puppy has some more juice.

short term – 3-5 pullback for a couple months then higher to tag the upper target?

anyway – here’s the picture … UP UP and AWAY.

just buy, the market will NEVER GO DOWN and IT ALWAYS GOES UP!  🙂

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had some fun w/ $AMZN over @seeitmarket an Update

04/14/2017 – just a quick update that we are really close or need a little bit more for the SRC to be invoked on AMZN. also, note the shooting star candle present and also the doji like candles that started most corrective moves.

probability lends itself to be cautious and sit on ones hands to assess the next couple weeks of AMZN price action.

as you can see by the chart below a “normal” correction has been around -30 percent ….

have a GREAT weekend w/ family and friends.

B

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04/06/2017 – its been a while but did do an update for Andy and the gang @seeitmarket:

https://www.seeitmarket.com/amazon-stock-chart-update-amzn-defying-gravity-16736/

After this post, went and did a peak at the measured moves and compared the last one to musical notes. basically, the measured move extended base on the 12th root of 2 or 1.05946.  the other method I used, taught to me by Michael Jenkins was a simple, yet powerful, projection technique using the “move down” to balance w/ the same move up (the purple arrows).

As one can see, it moved roughly 2 percent past the measured move target and we still do not have a SRC. Since the high candle started this week, we use the LOW of the high monthly candle as the “new” SRC base.  That “new” SRC if looking for the short is 885.

Until we get a monthly or weekly close below 885 I would stay away  from the short side. I relative terms, we are close to 1000 and in this euphoric and unrelenting bull market how cool would it be to hit 1000 / share for AMZN.

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

had some fun w/ $AMZN over @seeitmarket an Update

04/06/2017 – its been a while but did do an update for Andy and the gang @seeitmarket:

https://www.seeitmarket.com/amazon-stock-chart-update-amzn-defying-gravity-16736/

After this post, went and did a peak at the measured moves and compared the last one to musical notes. basically, the measured move extended base on the 12th root of 2 or 1.05946.  the other method I used, taught to me by Michael Jenkins was a simple, yet powerful, projection technique using the “move down” to balance w/ the same move up (the purple arrows).

As one can see, it moved roughly 2 percent past the measured move target and we still do not have a SRC. Since the high candle started this week, we use the LOW of the high monthly candle as the “new” SRC base.  That “new” SRC if looking for the short is 885.

Until we get a monthly or weekly close below 885 I would stay away  from the short side. I relative terms, we are close to 1000 and in this euphoric and unrelenting bull market how cool would it be to hit 1000 / share for AMZN.

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

Under Armour ($UA) – updated FAILED PATTERN

2/2/2017 – updated over @seeitmarket

Under Armour (UAA) Blows Through Buy Pattern Support

12/22/2016 – important support broke, so looks like the 26-28 zone/area is in play.  again, all probability.   personally, like UA stuff but have no idea what the fundamentals of their marketspace and strategy are.  just patterns peeps. here we go …

also, showed some ‘art’ at how/where to draw retracement grids that are sometimes overlooked … folks, shit pile of numbers coming together.  sorry if offended anyone but that just seemed like the correct word to use.

rock on, ok?

Bart

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10/25/2016 – I was asked to take a look at Under Armour back in June.  I saw this pattern – again – had ZERO idea if it would get down there.  As a pattern recognition dude, that’s the pattern .. .as of today, appears it’s going to make that level. Some thoughts …

  • this is the first ‘true’ BUY pattern since it’s IPO and after a spectacular and somewhat parabolic run.
  • caution w/ the size of the candles coming down – that denotes thrust and patterns fail when huge thrusts hits the levels
  • note the square root target hits – basically – right at the BUY pattern.  That, my friends, is good.
    • remember, the square root target is using the Gann Square of 9.  One trip around the wheel is equal to the square root of the base number (in this case the high of 53.06) -2 and then resquared. That’s how it works …
  • the second chart is a long term log look at UA. NOTE – it broke it’s fabulous run .. so, this selling pressure is expected.  that’s what happens when long term log trend lines are broken.
  • this pattern fails – IMHO – with a daily close below 25.

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update on TLT and Bonds over @seeitmarket updated

1/21/2017 – would really like this to start back up again into the areas highlighted.  could be the trade of the year …

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sent to this to Andy and the gang over the weekend …let me know if you have any questions.

Bart

 

TLT Update: Long Duration Treasury Bonds Deeply Oversold

LONG BOND since 1981 UPDATED

11/13/2016 – as you can see below, back in July I did the post for @seeitmarket and also here on the blog about a ‘potential’ top / resistance on the bond complex.  the targets were hit and, since then, the bonds have been sold and, just this past week, have accelerated to the downside.  am updating the charts of the Long Bond, TLT, $IRX, RYJUX (mutual fund to go long rates), Utilities, 10 year. it took some time to unfold and a pattern failed earlier in the year but this one certainly is putting probability in our corner that we MIGHT have a ‘generational’ high in bond prices. as always, stay tuned …

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i did this post for @seeitmarket around the TLT (long bond (20 year +) ETF: http://www.seeitmarket.com/tlt-price-target-view-treasury-bonds-stretched-15862/  and the targets around 145 still loom ….

so, here’s the long bond and the TLT charts ….not trying to “call a top” just find patterns. could they keep going higher? well of course ..but man, this is really getting quite crazy now, isn’t it?

note, on a monthly you can see 5 waves completing (30 year continuous) and that should mean a pullback but is it the 5th of the 5th?  who knows …

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lot’s of cool math, music and square roots – the NASDAQ getting ready to run?

it was ALL THE WAY back in Feb 2015 that I did a post on the upcoming resistance of the NASDAQ and then the breakout to new highs … did it for Andy @seeitmarket here:  http://www.seeitmarket.com/nasdaq-trend-line-converging-with-2000-high-breakout-14142/

in that post I wrote:

“let’s remember that this is a 40+ year chart, so setting up that move could take some time.”

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one could argue it took almost 20 months …sheesh. anyway, let’s take a look at some “stuff”

how “strong” is the NASDAQ?  Do a ratio analysis quick look:

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what are we doing here:

  • make a ratio: NASDAQ / DJIA
    • IF chart going HIGHER THEN the NASDAQ is stronger than the DJIA
    • IF chart going LOWER THEN the NASDAQ is weaker than the DJIA
    • NOTE, we’ve been slowly and steadily stronger than the DJIA (chart doesn’t lie) but NOTE there has been no BIG move, yet.
    • Stair Steps UP (where no swing low is broken) are powerful indicators of an underlying trend ….this trend is strong in a relative strength sense…
    • folks, again, IT TOOK 14 YEARS for the NASDAQ relative strength to retrace .382 percent of the 2000 blow off tech top.  Slow and steady move higher …
    • HERE’S the KEY …note the RSI.  the support transition that has occurred tells you that the market has possibly shifted into a much more bullish mode and is one that should be noted and taken seriously!  frankly, we might be on the verge of a big parabolic move like 2000 … g
  • PATTERNS work ….note the blue shaded areas, those are “likely” targets for this move … could it go to new all time highs? Yes, the RATIO could do that but, for now, let’s pay attention to the breakout about to occur at the .382 (red line)

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the chart above is a “long term” LOG chart of the NASDAQ from it’s all time low …

  • note the two red trend lines.  the lower trend line is pretty powerful and price is just clinging to it …with this breakout to a new high I believe the NASDAQ has, at a minimum 10% move coming into the 6100-6200 level.
  • also – NOTE the FRACTAL on the RSI.  It certainly appears to be doing the “exact” same move ..
    • a high, a couple bumps and then a dump into a low and then a move higher to build negative divergence.

6100-6200 represents THE AB=CD from the all time low and a 1.27 extension from the 2000 high … as a pattern recognition expert – this SHOULD BE SIGNIFICANT RESISTANCE.

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the origin of trend lines …Facebook

IF you believe that EVERY thing is vibration (some do, some don’t) THEN you might believe that stocks bounce around according to the energy they VIBRATE from their IPO and/or key inflection points (highs and lows, etc).

IF you also believe that the PATTERNS I post every now and then are governed by geometry THEN you’ll start to see and understand that the most “basic” yet fundamentally important aspect of what we are doing is based on 30,60,90 degree angles.

FAR too often we just use TIME or just PRICE and draw trend lines or “static” time cycles w/ a cycle tool.  Does that work? Sometimes yes, sometimes no BUT the key here is to SEE the chart (HINT HINT take off all the lagging indicator bullshit) and just look/study a chart based on PRICE and TIME.

FB .. has changed the world man.  Cool .. but to me, it’s just a chart and a powerful chart.  ZERO swing low has been broken (on close) and I recently sent in my submission to Andy @seeitmarket for an update of a post I did using LOG trendlines and to BUY at 88.  I’m updating it because we are “converging” from the top and bottom (LOG scale) and it’s going to go either way. (Guess what, I don’t claim to know which way..)  But, it’s something to take notice …I’ll send the link once it hits the presses.

So, after doing that post I decided to draw some pictures before heading out on my new Stand Up Paddleboard.

  1. Find the KEY first initial impulse move (up or down)
    1. that key impulse move will define the geometry of ALL moves in the future. It’s the rock hitting the water and causes the waves ….
  2. Use a drawing tool and connect the highs and lows
  3. Get out a protractor and draw a 90 degree angle.

That’s it .. now, simply create squares.

***NOTE: FB has “never” closed (weekly basis) above the center trend line (the median and YES that is where we get the Adam’s Pitchfork). Note the blue boxes … every time it “touched” the center trend line it was rejected …NEVER closing above.

Now, someone w/ a fundamental background please tell me what P/E, multiple, forward earnings and all that other crap has to do w/ that trendline generated from a square?

One last, if you want, use PLANETS to draw trend lines.  Yes, planets .. folks, the planets are causing all the energy/vibrations anyway. they NEVER change speed (heliocentric) and leave footprints all over the place.  I’ll use Saturn, Jupiter and Mercury on $CMG and lets see what happens.  PROMISE I HAVE NEVER DONE THIS BEFORE …here’s what I am going to do:

  • CMG IPO DATE: January 26, 2006
  • MOVE SATURN, JUPITER, MARS 10 degrees HELIO and MOVE PRICE 10 degrees up. Where they intersect, draw a trendline.
    • from the IPO you can use the “O/H/L/C” to draw the trendlines.
  • Turn on Dark Side of the Moon
  • See what happens

Bart

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LONG BOND since 1981

i did this post for @seeitmarket around the TLT (long bond (20 year +) ETF: http://www.seeitmarket.com/tlt-price-target-view-treasury-bonds-stretched-15862/  and the targets around 145 still loom ….

so, here’s the long bond and the TLT charts ….not trying to “call a top” just find patterns. could they keep going higher? well of course ..but man, this is really getting quite crazy now, isn’t it?

note, on a monthly you can see 5 waves completing (30 year continuous) and that should mean a pullback but is it the 5th of the 5th?  who knows …

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