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Utilities – holding up pretty nicely

11/25/2018 – you can see some of the former work on the Dow Jones Utility Index here: https://bartscharts.com/2018/01/02/i-still-think-this-is-a-big-deal-utilities-an-update-and-another-update/ as you can see, the index went right up into the target area and fell pretty nicely. that being said, it has held up rather nicely and just recently went up and tagged a nice retracement level.  probability […]

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Fractal Present on the Utilities – check it out

August 25, 2014: CLIFF NOTES: please see below to understand the importance of our recent high at 577.  The long term PATTERN from the all time low completed.  Now, we have the beginning formation of the trusted and true head and shoulders pattern on the DJ Utility Index.  Why is this important …?  Well, look […]

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DJ Transports and Utilities updated

CLIFF NOTES: I am a patter recognition chartist.  I am NOT trying to be overtly bullish or bearish.  Just using this forum to show the PATTERNS that area ppearing. On the DJ Transports we have completed a MAJOR AB=CD sell pattern w/ a 1.618 extension.  That is bearish.  It’s particularly bearish because the pattern using the […]

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Dow Jones Utilities Long Term (1942) Price Pattern

CLIFF NOTES: major target appearing on Dow Jones Utilities at/around 573.  Definitely the stronger of the Dow components but 1) monthly divergence is presenting itself, 2) a possible 5 wave (monthly) count completing, 3) THE AB=CD pattern from the all time low in 1942 is a little higher …so, believe this is the most important […]

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Utilities (DJUI) update

http://bartscharts.com/2014/02/03/utilities-as-a-safe-play-not-yet/ Utilities broke out of the potential triangle ID’d a couple days ago … the move up had volume and note the large candle present.  The chart below shows the next pattern w/ regard to a bearish outlook on the Utilities sector. if this level does not hold I will work backwards and find out […]

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Utilities as a safe play … not yet!

there has been speculation that Utilities are a safe play in a deflationary environment.  I don’t know what the fundamentals say, but I do believe we are starting another wave down in the Utilities.  After a very clear 5 waves down into the low of 2009, they have behaved much like everything and bounced rather […]

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