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when the big boys eat soup volatility rises ….update 2/20/2016

2/20/2016  Campbell’s soup has made new highs, shattering the pattern discussed below. Now, that pattern did hold for 7 months and resulted in a 20% decline.  However, when a monthly pattern that’s so nice in PRICE/TIME hits, one would expect a little more of a corrective move.  But, we live in a world of probability, […]

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when the big boys eat soup volatility rises …. BOINK

11/4 – BOINK.  target hit … support here means “institutions” are getting conservative.  Hmmmmm, something to watch.  Here’s the comparison w/ the $NYA. Note how they are INVERSE. When the blue line ($NYA) is going UP the ratio goes down and when the ratio goes UP the $NYA goes down.  We’ve hit big time support […]

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when the big boys eat soup volatility rises ….update

October 18 2015: note, the CPB/NYA ratio has been straight down but it running into potential support a little lower.  The thesis is during times of “risk off” institutions roll into the staples and stuff like toilet paper, toothpaste, food, soup, etc. has stronger relative strength. Keep an eye on this next week as support […]

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when the big boys eat soup volatility rises ….

Below the two dashed lines is a post that I did 2 years ago – almost to the day.  Pretty amazing …some would call it synchronistic.  I’ll just leave it at that … Personally, I enjoy my Saturday and Sunday morning’s w/ a cup of coffee.  Nothing going on, put a little Pandora on the headset […]

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CHANCE favors the prepared mind …

I have learned almost everything I know about the TRADERS MINDSET from Larry Pesavento of http://www.tradingtutor.com.  He first introduced me to harmonic pattern recognition and after about 6 months I had trained my eye (thru his tutelage) to understand and see the swings.  Others – Michael Jenkins (www.stockcyclesforecast) have fined tuned my understanding of vibrations, […]

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VIX Triangle Complete? ($vix)

in Elliott Wave theory a triangle occurs in 5 waves labeled a-b-c-d-e. a case can be made that the VIX completed the final (e) wave of a triangle on last Friday. this week is going to be crucial w/ so many patterns pointing to the downside …

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VooDoo or Sound Principles? Who cares …

for any of you who have followed this blog will attest – I simply live and die by the patterns. They are an edge …and edge is simply something that is more likely to happen than not.  If I manage risk then the edge supports making money in the markets.  I DO NOT care how […]

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monitoring the top 10% weighted sectors ….

I really liked this post: https://bartscharts.com/2014/03/16/swing-low-sweet-chariot/ CLIFF NOTES: our PATTERNS have been hit across the board in the top weighted sectors of the S&P.  However, doesn’t mean a darn thing till the swing lows are taken out. Review the post above …

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Continuing to watch the components (>10%) of the S&P 500 – an update

CLIFF NOTES: the biggest development of this past week was the CLOSE above our pattern level on the XLF.  It is my belief, and history has shown, that the banks LEAD us UP and LEAD us DOWN. As long as the banks are stable, this market will continue it’s “Wizard of Oz’s” climb …also, my […]

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