climbing_stars

climbing_stars

This is the monthly chart of GOOG. I will also post a Weekly as well to confirm the short. We could see a repeat of 2008. where we dance around the top for a few months before declining rapidly. Interesting similarities with the candlesticks in 2008 and now. Well see if we get similar price action. Look to see how it behaves at $1056.

climbing_stars

Still looks likely that we correct. Especially because, bullish euphoria has taken place. Also the 24 hasn't stayed on top for this long since 2011. There are quite a few similarities to 2011, minus the H&S. Watch closely in the $176 area.

climbing_stars

The companies that make up this ETF are: GOOG (8.53%), AMZN (8.10%), EBAY (5.60%), PCLN (5.23%), CRM (4.74%), YHOO (4.39%), NFLX (4.39%), JNPR (4.09%), CHKP (3.52%), EXPE (3.07%). Most of which have had incredible runs thus far. I think we will see some profit taking. $55.43 is actually where the 2.618 fib ends.

climbing_stars

Three different harmonic patterns complete in the same area. I would look for a bounce here

climbing_stars

I continue to stick to that position and believe that we are in a special bullish cycle despite any impending news headlines or geopolitical concerns. This is one of the most difficult distractions for all traders. It is natural to want to correlate market price action with a news headline. As human beings, we always want to connect a cause to and affect but as...

climbing_stars

If current support doesn't hold, which I don't believe it will. I am looking for us to tag the main bullish trend line we established in November of 2012. If that break $150 comes really fast.

climbing_stars

Since being in it's most recent uptrend, AAPL has had a 4, 5, and 6 bar down days (minus the correction of course). The days after these bull flags were broken it saw an extreme shot to the upside. It may be a long shot but it would be interesting if we saw this again tomorrow. Overall I think we could easily hit my target of $530 before earnings given the way...

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JCP in a bullish shark here. If it breaks PRZ then down we go. I just want to say watch this area do not buy in yet! I remember seeing pattern in kodak, before they filed for chapter 11. They need someone to inject capital quick, or some blow out earnings. They need something to stop the fear. Anyway watch this area. Yes this stock is cheap but if it goes under no...

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Could pullback here or at the actual PRZ which is at 19.54.

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AMZN hanging man candlestick pattern at the 0.618 extension. Potential Bullish Bat on the larger time frame. For the bat to play out though you would need to see a massive downward movement in tech. I do believe we see a pullback in the nasdaq. A lot of the tech names look like good shorts at the current moment. At least look for AMZN to put in a double bottom. If...

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You could play this one to the downside for a short term gain. I personally will be looking to just buy the dip as the upside in other charts that I have posted are way larger. They are going to make this oversold quick, so they can step in and buy cheap shares. Watch the move on this it will fall like a knife and then stabilize. I guess the market will pick which...

climbing_stars

The most recent long upside swing trade I posted is almost over imo. Look for this to reverse at the $895/$900 level. My view is still bearish on GOOG in the intermediate term. I think we will see continued weakness until we hit some reasonable retracements. AAPL which has tagged a key support in it's bullish upward trend on the monthly, looks like the place where...

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Tech has been on quite a run as of late. Watch for a pullback.

climbing_stars

Looking to ride this up to at least $900.

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USO popping based on the recent Syria turmoil. These moves always get faded. It is in a perfect Bearish Gartley. Looking for a retrace somewhere in the $36.40 range.

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Bullish Bat looking for a retrace up to $78. Potentially setting up a H&S top here by doing so.

climbing_stars

AMZN in a Bullish Shark short term short here. Which will lead to a short term pop. Nice little $10+ move in both directions.

climbing_stars

I have been playing with combining several different MACD time frames with RSI 3. I have noticed quite a bit of success when all the MACD's coil tightly around an RSI spike. GOOG has had several different harmonic patterns at what appears to be a top. These patterns also appear to be carving out a head and shoulders top. If the bat completes at the PRZ posted it...