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http://gicharts.blogspot.com/ - The ABC Pattern

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Gold, the Dollar, and the Euro
You can write several times that gold is facing a "parabolic rise", you can write several times that those parabolic rises ALWAYS end up hurting a LOT of investors ..... I can count over 200 emails from readers telling me "how wrong I am" ....... People, this is not about being wrong or right ...
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Apple Inc. (AAPL) chart analysis
Apple Inc. (AAPL) chart update ; 1) Price is "slightly" below its 50 days exp MA 2) Volume did increase .... 3) Focus on that "last support" level Gut feeling ? The volume pattern (see chart) could signal a channel pattern Re entry level for Apple Inc. (AAPL) is a close right above $195
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PowerShares QQQ Trust (QQQQ), daytrading
Before you start to focus on this 2 days (5 mins) chart of the Powershares QQQ Trust (QQQQ), I suggest you first pay attention to a daily chart where I see a price reversal warning if the Q's dip below $43.5. Now back to this chart above ; 1) Resistance channel ($44.5) is quite clear 2) We now ...
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Japan ishares (EWJ)
Japan ishares (EWJ) weekly chart analysis ; 1) Price/volume action in March and April confirm bottom 2) Recent price/volume action (weekly) confirm "B" level 3) Huge buy signal right above "C" ; $10.5 4) If you did buy, use $9.4 as your stop. Is Japan back ? looks like it
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United States natural gas fund (UNG) versus Nat Gas price
United States natural gas fund (UNG) versus Nat Gas prices ; 1) Notice the "spread" starting in Sept ? 2) Chart pattern of Nat Gas prices do give us an ABC pattern 3) UNG is acting like a closed end fund ...... mmmm 4) Lower your price entry level right above $9 (for UNG) PS : no more support ...
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Micron Technology Inc. (MU), perfect ABC pattern
Quick look at Micron Technology Inc. (MU) ; 1) Perfect ABC pattern triggered 2) Price/volume/news confirm 3) Focus on that sop loss level
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Tiger Woods ?
Source for this picture ; The Insider Photo credit : Brian Teeter PS : Its not a real picture , just hope he is doing ok :)
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Price volume analysis with the ABC pattern
Case study of "price/volume" analysis and the ABC pattern using the ishares Dow Jones US Home Contruction (ITB). 1) Pay attention to the price volume reaction in early Nov 2) Pay again attention to the price volume reaction in early Dec 3) Quick fact ; we now have a real higher lows pattern 4) ...
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Apple Inc. (AAPL) chart updated
On Nov 25, I published the following regarding Apple Inc. (AAPL). Now what ? Quick chart update for Apple Inc. (AAPL) ; 1) Right now, $195 to $200 is our support channel (confirmed by the 50 days exp MA) 2) Resistance is quite clear 3) Focus on that "last stop level" 4) We now need a close ...
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Trading model
I will soon publish a "Trading Model Signals" on the right hand side of the blog, right below the "What is the ABC pattern". The model is quite simple ; it will use multiple exp moving averages crossovers (short, medium, and long) , divergence indicators, warning levels, and of course the ABC ...
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Chart Patterns by Bruce Kamich
Busy reading "Chart Patterns" by Bruce Kamich , you can order it on Amazon.com Go to page 56, "The broadening Top" , and the inverted V top pattern ! What's on my mind ? Gold of course :)
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SPDR Gold Trust ETF (GLD)
SPDR Gold Trust ETF (GLD) chart update ; 1) Multiple gaps tend to form at the top ..... (see circle on chart) 2) Volume increase/spike tend to form at the top ..... 3) Expected scenario ? See red arrow
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On my radar screen
Have you seen the Baltic Dry Index ? Go to Stockcharts.com and use my current settings for it. A bullish reversal in the Baltic Dry Index could send the SP 500 index above 1120. Looking at the Q's (QQQQ) ; raise your stop to $43.5 (typical ABC pattern if you start from the Nov lows). UUP (if ...
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Dollar versus the Belgian Franc, the old days
A quick look at the old days (compare to today's Dollar action) Chart above compares the Dollar versus the Belgian Franc , trading at 26.8 If you prefer to compare the Dollar versus the French Franc, trading at 4.3 Decided to show you this "monthly" chart after a long talk with an old client ...
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United States natural gas fund (UNG)
United States Natural Gas Fund (UNG) ; 1) Are we facing an ABC pattern ? 2) "C" ; our real buy trigger is right above "A" ($10) 3) Watch the support level !
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PowerShares DB Gold Double Short ETN (DZZ)
PowerShares DB Gold Double Short ETN (DZZ) chart update ; 1) Focus on the "entry level" ; a price break out right above it 2) Pay attention to that support level
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Citigroup Inc. (C) trading plan
Citigroup Inc. (C) trading plan
gicharts.blogspot.com — On my radar screen this morning ; the chart of Citigroup Inc. (C) Keeping an eye on... the situation in Dubai ; Dubai's index lost 7%, while Abu Dhabi's index lost 8%. Not easy to make sense of the news coming out of that region ; between the constant ... (more) Citigroup Inc. (C) trading plan
Warning signals from Greece ?
Athens General Share ($ATG) ; 1) Weekly chart 2) Price below its 40 weeks MA 3) Economies in Eastern Europe affecting Greece ? 4) Pattern looks pretty bad ....
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Apple Inc. (AAPL), using the Trefis estimate
Try it with Apple Inc. (AAPL) , see what happens when Apple sells more Iphones ! Led by MIT engineers and former Wall Street professionals, the Trefis team builds a model for each company's stock price. n a single snapshot we show you the relative importance of products that comprise a ...
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Bon-Ton Stores Inc. (BONT), chart update
The first post on Bon-Ton Stores Inc. (BONT) was posted on Nov 7 here A "perfect" ABC pattern :) Gut feeling ? Expect a pull back, leading into a channel pattern
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