"WTF Chart of the Day" Posts
WTF Chart of the Day: What’s Wrong With Jim Cramer’s Call Of Buying JCP?
By Lawrence
Jim Cramer on TheStreet, http://www.thestreet.com/story/12027849/1/cramer-jump-on-jc-penney.html ZeroHedge quotes his words with sarcastic comments, http://www.zerohedge.com/news/2013-09-26/how-lose-32-jim-cramer-three-weeks-jump-jc-penney that’s back on September 05, 2013. People who fall for his argument and are now burnt should learn from this lesson. His argument to buy JC Penny is not logical. It is not analytical. It is a form of logical fallacy called […]
WTF Chart of the Day: Dow Component Changes On Sep 20, 2013
By Lawrence
Dow is going to have another major shake up on September 20, 2013. Since component changes is such a rare event, its impact on the market is profound. Here are the charts of Dow over the last 4 component changes. September 24, 2012. Down 1100 points. June 8, 2009. Down 700 points. […]
WTF Chart of the Day: Why Gold Dropped Back Down?
By Lawrence
Told everyone that gold cannot go higher back in end of August until we see a retest of 1320 and below. Here we are, gold below 1320. Left side horizontal lines highlight the 1st quarter range in blue and range expansion at 200% in orange and 300% in pink. Right side horizontal lines highlight the […]
WTF Chart of the Day: Emini S&P War / No War Mess
By Lawrence
I posted last time on what happened back in 2003 with the Iraq war. Following is the same chart updated with swing size details. Comparing that to what is happening now, it is similar in an eerie way. 1. First talk of military action back in mid-July 2013. Yep, you read this right, the timing […]
WTF Chart of the Day: Ninja Breakout Above Weekly Resistance
By Lawrence
As I mentioned last time, Ninja is bullish for a run higher. Here is an update to the setup. Green arrow marks the perfect retest of the quarterly STOPD level from 1st quarter high. This happens often when previous test was a false breakout. As of today price has traded above red down trend line […]
WTF Chart of the Day: Emini S&P During Invasion of Iraq
By Lawrence
Emini S&P back in year 2003 in 30-minute resolution. Blue arrow marks the official day, Mar 19th 2003, of which the war has started. Green arrows mark the 2 mysterious rallies before the war has started.
WTF Chart of the Day: Ninja Gunning For 102 And Above
By Lawrence
Dollar Yen 24-hour chart below. From left to right: 1. Blue lines 1st quarter STOPD levels with orange 50% expansion target 2. Yellow highlights (left to right) – 1st test of 1st quarter high from above, FBO against 1st quarter 50% expansion, 1st test of 1st quarter close from above, retest of the 50% expansion […]
WTF Chart of the Day: Emini S&P Reaction To 20 SMA August 15, 2013
By Lawrence
Sometimes things can be quite simple. I posted about Emini S&P and its funny behaviour around the major moving averages back on July 4, 2013. Here we are Emini S&P dancing around the moving averages with predictable behaviour again. Have you figure out the rules yet?
WTF Chart of the Day: Priceline.com
By Lawrence
Priceline.com (PCLN) is getting close to the $1000 mark. The reason I pull out this chart is that it has gone thru the phase where Tesla is going through right now. Thus it will show you what I expect from Tesla from its recent high. What is happening now to Tesla, is what happened to […]
WTF Chart of the Day: Tesla Motors (TSLA)
By Lawrence
Daily chart of Tesla Motors (TSLA) below with STOPD Levels. Blue lines highlight the year 2012 STOPD levels. Notice how the breakout above 2013 first quarter high led to. 100% expansion to the upside and paused there for a short while. Once that is cleared, 200% and then 300% expansion are tagged. First significant reaction […]
