Nothing happens by accident or at random anymore. Why the President giving a speech on re patriating taxes, now, at this moment that i say is hugely significant to currencies and the markets. Letting the rats leave the sinking ship was the last corporate way to increase profit margins, by avoiding taxes, moving out of the country. No more rabbits to pull out of...
Truly amazing how similar leading up to and right now, as to the pattern of November 2013. Indecision has to end, when? today, tomorrow, but soon.
I've illustrated this before, but we ARE AT THAT MOMENT OF DECISION. Back down within the triangle of "waiting for another moment of TELL, or BREAK OUT AND MAYBE THERE IS NO LOOKING BACK. I do believe the market's direction happens whenever this chart breaks out of the triangle's boundaries. Wish I knew for certain which way at this time.
Can somebody tell me why XLY did not drop? Similar dips have high sell volumes, but even though we had sell volume, we did not dip? What's up with that? Really. IWM reacts in its own world, and SPY just continues upward? My 2 bits say, sure overvalued tech growth stocks adjusted, and a small rotation to big cap (SPY and DOW) stocks happened, but I can't...
This is a currency based bull run folks. Digging into that, we find this. The purple circles and blue ray lines tell it all.
Just an interesting chart, don't you think? Like, yeh, "everybody knows that". Conditions are different, but rather than suggest an alternate pattern after the pivot point or that because of the difference "this time", things would stay the same or just get better, the relationship factors are so stretched and the conditions that are different are so...
closer view of a previous chart. Interesting minute trend support line, watching this now.
Off the first shoulder of this HS formation, we went down quickly, consolidated a bit, and then completed to the neckline. Off the head, we took our sweet time. The questions ... do we hit the new long term trend bottom support, and bounce, do we hit the horizontal support and bounce, or deflect and then back down again do we hit the longer term support line...
Starting to think we have have a repeat here of the last dip/correction off top 1. Adding possible new long term trend line support, and which one will result, and whether we break through or bounce. Also adding in 200 and 50 day MA, holding pattern, paralleling, and slight trend for 50 day moving up and 200 day moving down. So this is really perplexing with...
notes on chart, might be in for a few boring days ahead?
Really think A is in play here, but have to watch for B in case.
notes on chart, watching them all to see which one confirms, maybe it is simply the better of the confirmed. Doesn't happen often this way.
Notes on chart. We have to respect the long term support line, if it indeed is in play as a TGT 1. Conservative play is to NOT play TGT 2 until be break TGT 1.
Many say GE is a leading indicator of the markets, a canary in the coal mine, etc, etc. It confirms trends, etc. Maybe GE brings good things to life, but the fact is it sells almost all of it. It has room to go lower from here, and marekts too.
Looks like USDJPY rules for now, of which of the currency pairs lead the markets. IWM still wants to complete its HS to neckline, so we will see how earnings and world events affects that journey this week.
Just some observations. Looking for them to complete down to the neckline of HS's.
Going into this weekend, with the world events so in flux, are there are others about to make news we don't know about yet? Did the head and shoulders , become the double top classic formation, and if yes, then where do we complete what pattern, and return to what everyone is saying is a long term bull. Let's be honest, this bull equity market is simply the only...