With the usual caveat that I’m not a bond guy (seriously, what’s the point?) I took a fresh look at interest rates on the 10-year note. The obvious downtrend over the past 15 years is well-captured by the purple channel below. It has been marked, however, by a series of rising white channels, some of … continue reading →
Tag Archives: bat
As noted back on Feb 21, the EURUSD has broken down from its rising channel (white) and accelerated to the downside, breaking the Jan 4 1.2996 low and the psychologically important 1.30 level. The intersection of the purple .618 and two white channels at 1.38 will have to wait (till my next visit across the … continue reading →
Yesterday was a great example of the beauty of Harmonics. In conjunction with my RSI work and channel work, we were able to rack up 23 points on a day when the big picture is still fairly negative (remember Italy, the sequester, negative GDP, retailers’ horrid guidance?) By drawing important Fibonacci lines in the sand, … continue reading →
ORIGINAL POST: 6:00 AM SPX ended yesterday just below our 1497 trigger point at the neckline. I know the bulls would love to blow through this level and negate the H&S, but I think they’ve really got their work cut out for them, especially given the political mess in Italy and the looming US sequester. … continue reading →
PLEASE NOTE THAT MEMBERSHIP RATES ARE SET TO INCREASE ON MARCH 4. * * * * * * * * A new day, a new bounce. As we discussed late yesterday, SPX has reached the bottom of the purple channel that’s guided it since 1343. So, naturally, we’ll get … continue reading →
FOR MEMBERS LOOKING FOR NEWS AND INFORMATION ON THE FUND CURRENTLY IN THE WORKS, CLICK HERE. ANNUAL MEMBERS WHO SUBSCRIBE TO THE FUND WILL BE ELIGIBLE FOR PRIORITY, PREFERENTIAL PRICING AND MEMBERSHIP FEE REBATES. PLEASE NOTE THAT MEMBERSHIP RATES ARE SET TO INCREASE ON MARCH 4. * * * * * * * * ORIGINAL … continue reading →
ORIGINAL POST: 09:25 AM UPDATE: 09:30 AM SPX overshot our initial target by just a couple of points yesterday, reaching the channel 25% line at 1497.29 before getting the bounce I expected at 1499/1500. Note that SPX completed a Bat Pattern down to the .886 in the process (larger white pattern.) The .618 Fib of … continue reading →
As expected, equities have sold off since tagging the 1.618 Fib of the July 7 – Oct 4, 2011 sell off — dropping as low as 1522.19 this morning. While it’s gratifying to see a reversal at a major Fib like this, it won’t mean much until SPX can make some new lows. I’d be … continue reading →
The dollar index has cleared an important hurdle to higher prices. Note RSI has broken above and is back-testing the red channel on the daily chart. Of course, it’s not a back-test until it reverses and stays higher. The first key level to confirm a breakout are the Jan 4 80.995 high — at which … continue reading →
It was thoughtful of eurostat to include the US in their chart. Funny, that’s not the chart one would picture based on the MSM’s steady drumbeat of “recovery!” Germany, which had previously taken an ambivalent attitude about the soaring euro, might change its tune following its worst GDP print since Q408. The main culprit? Exports, … continue reading →