Archives

WMT set up …slow down and digest the logic… this is important, I think

BUY WMT (?) note – measured move ( in price and time), polarity and an extension target …. needs to stop here and start back up, IMHO. we are also sitting on a former resistance zone of 15 years folks .. if break down from here – we’ll call that a “what’s the fighter thinking” […]

Read More

I’m watching 4 things …

PATTERNS on the ES, $NYA, Banking Index and Yen to tell me if we break out to new highs. Banks are rolling.  That’s bullish – get thru level shown then we should surge higher Yen, after an entire 6 weeks of doing nothing – EXPLODED.  119.80 line in the sand ES “basic” AB=CD complete. NYA […]

Read More

IF you do ONE thing please WATCH this video …

Larry Pesavento (www.tradingtutor.com) is not only a mentor but a true friend and guiding example of integrity, passion and truth in the financial markets. He’s 75 (acts like he’s 16) and has made his living trading the markets for 50+ years. It’s an extreme honor to call him a friend. SPOILER ALERT: over the years he called […]

Read More

bunch of cycles coming together …but who cares

how many institutions are there out there ….?  perhaps 30-50K?  and, if you think about it they own 10MM+ shares of the big names.  the “big names” have, on average, say 5MM shares / day traded.  so, what happens if they try to get out of a non liquid market that has been manipulated by […]

Read More

Here’s what a PRICE EQUALS TIME trend line looks like …

in the world of numbers … well, they (being the numbers) don’t care about decimal points.  A new friend and extremely talented CMT recently twittered that the bull market is 66 months old. if we simply move a decimal point we get 666 which was the low and we also get 2006 days ago at/around […]

Read More

Gold game plan potential

CLIFF NOTES: prior Gold work – https://bartscharts.com//?s=gold CLIFF NOTES 2: 1370 will be key to the last leg of a triangle, thrust DOWN and out of the triangle and then a BUY. CLIFF NOTES 3: note the first chart.  Again, it’s ratio analysis of GLD vs SPY.  What we are looking for is a PATTERN to […]

Read More

“Great Googalooga, can you hear me talking to you?”

  In a normal environment this market would be correcting …

Read More

S&P Cash updated

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:

Read More