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This one is simple. Buy the dips once it touches support. Nothing has changed we are going no where but up.

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A major Bearish Butterfly was broken. This shows how strong the current Bullish trend is. The SPY will be at 215 by December. This bullish trend will then carry over into 2015. I believe something big is unfolding here. I believe we will continue to march upwards all through 2015 as well.

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Much like the indexes, AAPL broke an extreme resistance level. It moved sideways when it first came into contact with the 5-0 pattern before blowing through it. Now the only thing standing in the way of this thing taking off is a break over $100. I believe we will see that soon. I also believe this stock will be at $150 by January 2016.

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First chart I have published in quite some time. Bearish Gartley on the Q's. Still bearish my views about this year have not changed. We are chopping around here at the top. Watch for the drop.

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I feel going into this year, no one paid any attention to the emerging markets. How they would affect the US markets. I feel we will see carry trades get disrupted all across the globe. This will send us lower on the EEM. Some will say use the EEM as a hedge for the S&P. I personally believe this will put a drag on the S&P, but we shall see.

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Is this the beginning of a downward move?

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I believe housing will take a short term hit this year. Maybe even flooding over into next year. I do see a strong recovery though for years following that. I hope prices turn down, so I can start accumulating.

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Similar to other tech names RSI resistance. Massive negative divergence. These names will soon draw down largely

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Hitting RSI resistance. Making a larger negative divergence.

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Bearish Bat

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I just wanted to publish this to show that these bearish monthly patterns aren't just popping up in the U.S. If we can't find any support up here to resume the uptrend, watch 7400. You must understand that this pattern has been building for 11 years. It is not something to take lightly.

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There is no question that google has been a monster last year flowing into this year. Blowing passed my expectations to the upside. With other techs breaking down, it is only a matter of time for GOOG. If GOOG breaks through the PRZ on the 4 hr chart I posted I see $1220 as the max pain. It would be interesting to see if we could get RSI divergence at the start...

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Look for us to pop up as we continue to chop around up here. Targets are on chart.

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I'm looking for the DIA to resets at the very least the 38.2% fib. If we go higher, look to see how it reacts in each of the listed targets on the chart.

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notes on chart

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I normally don't look at patterns the occur AH. But I see GOOG up against a monthly trend line. You may see a pop and sell off in this name. I would watch this tomorrow. Remember the bullish euphoria can only last so long. I feel GOOG interest in acquiring every company under the sun may pay off in the long term, but in the short term it needs to pull back. I feel...

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Might retest the top.

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We could see it retest the $32-$33 area before fully reversing. But a Bearish Butterfly that finished at a 61.8% of the entire chart is a good bet to place on the downside. On a fundamental side, if interest rates rise we will see these guys get hit hard.