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SPX updated as of April 21, 2014
Posted on April 21, 2014 Leave a Comment
CLIFF NOTES: my initial quick look at the S&P appears wrong from the counting perspective. Once the gap up occurred it signaled the characteristics of a C wave so I readjusted and am looking at a FLAT correction occurring and it should be done at the close today or just a little higher. Expect selling […]
S&P Cash updated
Posted on April 16, 2014 Leave a Comment
CLIFF NOTES: remember, this has been an amazing 5 year run. with multiple classic patterns completing on a Monthly basis, parabolic charts along w/ rotations from the institutions I favor a continued corrective move. therefore this chart is provided:
And the band played on … ?
Posted on April 10, 2014 2 Comments
CLIFF NOTES: couple days ago, posted the “chart of my lifetime” and it showed a very long term pattern completing on the Dow Jones Transports: the most important chart in my lifetime We did have a break down after levels were hit and, on an intraday basis, a 5 wave count down can be seen. The […]
WMT / SPX ratio revisted
Posted on April 6, 2014 Leave a Comment
CLIFF NOTES: support found in the relative strength of WMT/SPX. When this ratio goes UP the stock market goes down, when the ratio goes DOWN the stock market goes UP. In the world of ratio analysis we are looking at the relative strength of something versus something. This has nothing to do w/ the RSI. […]
relative strength of staples vs the S&P importance
Posted on December 23, 2013 Leave a Comment
in order to get up to speed, if you have not been following, please see the following post: https://bartscharts.com/2013/10/07/staples-strength-vs-the-sp/ we completed a perfect price/time pattern BUY on the ratio and it did, in fact, respect the pattern level. HOWEVER, since then we have taken out the lows of that pattern and if we go back […]
“What is and What Should Never Be” Part VI Conclusion
Posted on November 10, 2013 2 Comments
here’s the conclusion from 2 months ago: https://bartscharts.com/2013/09/16/part-vi-the-sp-500-conclusion/ a quick review of the Part 1-5 has shown that most if not all of our playbook has been playing itself out. NOTHING has changed my view that we are due for a very large correction, or dare I say, a very surprising THUMP of gargantuan proportions. […]
Staples Strength vs the S&P
Posted on October 7, 2013 1 Comment
if you wan to catch up I recommend reading the following two posts: https://bartscharts.com/2013/09/22/the-upcoming-week-of-922-for-the-sp/ https://bartscharts.com/2013/09/25/the-ratio-of-staples-to-the-sp-xlp-spx-trust-me-its-important/ this AM, our pattern that we have been following has completed. what does that mean? the pattern either works or it doesn’t … if it works then our thesis is that the staples (as a sector of the overall market) […]
the WMT greeter and inflection points
Posted on October 6, 2013 1 Comment
ratio analysis compares the relative strength of one security versus another. if the numerator is stronger then the ratio will go up and vice versa. what I try to look for are meaningful ratio’s that plot fear and greed and can warn us of potential inflection points in the market. I am going to make an […]
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