Monthly Archives: January 2015


Xerox fresh out of copies? Maybe not!

Xerox broke out of a 5 year base back in early 2014. The target is 18. Check out the monthly candle chart. A closer look at the weekly candle 5 year chart shows some congestion (consolidation) in progress. The daily candle chart shows us even more detail, but also noise. There is a short term […]


No man’s land for Yahoo Inc.

There is a huge bottom formation for Yahoo. It broke out in late 2014 after having run into resistance in late 2013. Check out the monthly candle chart (10 years). There is (or was) a bullish continuation flag. It seems to be morphing into a descending channel. The weekly candle chart (5 years) shows the […]


Is Caterpillar digging itself a hole?

Caterpillar is testing a top formations support line (breakdown line). Check out the monthly candle chart with 10 years of data. That is a 4 year top formation. The arrows indicate the measured move and the target, if the formation is broken to the downside. Monthly candle close under 78 gives a target of 49. We […]


Cooking period for Microsoft Corp.? 1

Here is the action for Microsoft for the past 10 years. After a 5 year bottom formation, the stock broke out in early 2013 and has been on a bull run through a nice ascending channel… till now.  Check out the monthly candle 10 year chart. Zooming in on the weekly candle 5 year chart, […]


Corning Inc. breaking out!

Breaking out after a retrace from a previous failed attempt at breaking the resistance line. Check the monthly candle chart with 10 years of data. The arrow is the measured move added to the horizontal breakout line. Weekly candle chart (5 years) shows the weekly break from that huge bottom formation. The daily candle chart (1 […]


Something is UP with Pfizer?

Check out this huge multiple year base with launching formation (+1.5 years) on the monthly candle chart. The arrows are the targets. The weekly candle chart (5 years) helps us see the launching consolidation pattern. The daily candle chart (1 year)  shows us the current battle at the breakout line (resistance). I set some alerts, […]


How to quiet the noisiest chart. 10

I was scanning some charts this morning, and fell on the Volatility Index. That is one noisy chart. First. go check out this previous post on how to reduce noise. Here we go. Just the daily candle chart has some breakout candles that could whipsaw you into kingdom come! I’m counting about 5 false breakouts […]


Emerging Markets, not emerging anymore?

ISHARES MSCI Emerging Market ticker EEM is drawing out a 3 year consolidation rectangle. The monthly candle 10 year chart shows this top formation. The arrows indicate he measured move, if the formation breaks down below 35. The weekly candle 5 year chart actually shows us there is a tighter formation within the bigger one. […]


Euro VS Yen. Round 1, Fight! 1

A 1 year top formation has been breached for the eurjpy currency pair. The implied measured move from this breakdown is shown with arrows on the monthly candle 10 year chart. A close of the current monthly candle below this level would confirm the move. The weekly candle 5 year chart already has a weekly […]


GBPUSD close to breaking down, but to where? 1

This currency pair is testing some solid support at the 1.500-1.4800 area. Lets look at what might transpire from an eventual failure of that support. Here is the monthly candle chart (10 years).  The arrow would be the measured move added to the breakout line in case of a solid monthly close under it. The weekly […]