Charts I’m Watching: March 22, 2012

ORIGINAL POST: We’re finally seeing reactions on the harmonic pattern completions we’ve been watching for what seems like forever [see: Everything’s Coming Up Crabs.]RUT completed a Crab Pattern (in red) within the last leg of a Bat Pattern (purple) off the 2011 highs.  It never has cleared the TL off the May and July highs.  … continue reading →

Crab and Butterfly Patterns Explained: March 18, 2012

The Crab and Butterfly Patterns, like their cousins the Gartley [see: The Gartley Explained] and Bat, offers early warnings of potentially significant reversals in price trends.  Like the rest, they are thought to be successful about 70% of the time.  Combined with sound trade management technique, they can provide significant returns with limited risk. CRAB … continue reading →

The Ides of March Redux

Two thousand and fifty-six years ago, on March 15, 44 B.C., Julius Caesar — the most powerful man in the world — was stabbed to death, in fulfillment of a soothsayer’s prophesy: “beware the ides of March.”  One notable ringleader, one Marcus Junius Brutus the Younger (of “et tu Brute?” fame) was a former enemy … continue reading →