THE BIG PICTURE AS I SEE IT

[huh]

Oct 22, 2016 12:20:07 GMT -5 huh said:

It's sure hard not being full blown bear when looking at the weekly charts of major indices. All began a large topping pattern since Sep '14. If it weren't for the currently bearish VIX related & VIX scam charts, I'd be 100% short already. VXX down 10% this past week alone. Can't risk being short against that kind of action - not quite yet anyway.

I went bullish S&P back in Feb due to the potential squeeze of a large H&S pattern - something I predicted would happen back in late '14. And it's done exactly that, and has been squeezing ever since (and did hit the new all-time high as predicted)

Since that bullish call back in Feb, of the 60+ names I called upside targets for, AAPL was the last of them to hit.

And I went bullish AAPL in June for the exact same reason - the potential for the squeeze of a H&S. And that's exactly what it's been doing. It confirmed a H&S that began not so coincidentally back in Sep '14 and has been squeezing since. AAPL is also the last to be completing its H&S squeeze.

Now AAPL has major FIB resistance ~122.70. But if it were to break that resistance, then back to the highs or new high on the way as it squeezes the head of its large H&S.

I don't know if AAPL will break that 122.70 or not. But I do believe if it gets there, yet VXX hasn't gotten down to at least 26.50, then AAPL very likely will squeeze higher still.

Here's a look at the AAPL long term chart (H&S squeeze began in June):

[huh]

And a look at S&P's long term chart (H&S squeeze began back in February):

[huh]

So here's my next longer term prediction --

Whether AAPL breaks that 122.70 or not, within one week of its earnings report tomorrow, I believe the bull market will have reached its top and will step aside for a new bear market. And that bear market won't end until AAPL has gotten down under 65 -- and a whole mess of other names have hit the downside targets of their 2 year+ H&S targets (and there's some major downside targets out there -- yes, AMZN, I'm looking at you, and dozens of others, but especially you)

That's my story and I'm sticking to it

[huh]

[birthmark]

Love the charts Huh. Many thanks.

Forgive me but what was your price target on AMZN again?

THanks.

[huh]

Oct 24, 2016 15:48:08 GMT -5 birthmark said:

Love the charts Huh. Many thanks.

Forgive me but what was your price target on AMZN again?

THanks.

To be fair, I thought AMZN topped already a couple times

But as for how low, let's just say I think it'll fall into a technical bear market. That would be under $500 today, but rising slowly:

May 11, 2016 17:38:46 GMT -5 huh said:

Here's another "crazy tip" - I wouldn't even consider AMZN in a technical bear market until under its 6 year up channel. The bottom of that channel currently sits in the 450's.

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I wouldn't short it yet - either at a new all-time high, or if falls <830, whichever comes first

[huh]

Recent H&S getting squeezed in ES_F on 60 min. chart. Also other H&S's squeezed on its 5hr, daily, and weekly charts.

Once algos get stuck in a loop, they just don't quit. Fractals, man, fractals.

[huh]

Come on market, only a few days left for a bull market peak to avoid catching me with my, umm, neck sticking out

[huh]

Oct 24, 2016 16:00:15 GMT -5 huh said:

I wouldn't short it yet [AMZN] - either at a new all-time high, or if falls <830, whichever comes first

If shorted AMZN for a swing with that loss of 830 yesterday, try to cover ~779. That fills a gap, tests the lowest FIB support from the 09/15 low and completes a H&S target.

Will likely get a chance to short again from higher for the LT downside target.

[huh]

Well so much for my bull market ended by yesterday. In the week since, the market went straight down - the complete opposite of what I expected.