by Chris Kimble | Jan 11, 2012 | Kimble Charting
The Power of the Pattern reflected a potential bullish Head & Shoulders pattern looked to be forming in the chart below (see post here) CLICK ON CHART TO ENLARGE Below is an update to the potential Inverse H&S pattern… CLICK ON CHART TO ENLARGE...
by Chris Kimble | Dec 9, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE The Broad market needs Basic Materials to break from this clean falling channel to break from its flag/Pennant resistance (see flag resistance) Suggested to pick up IYM at (3) due to the potential of an “Right...
by Chris Kimble | Dec 5, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE The “Power of the Pattern” suggested last week that Basic Materials ETF (IYM) was on Right shoulder support and that a quick 10% rally could take place. (see post here) Last summer IYM looks to have created a “Bullish Head...
by Chris Kimble | Nov 30, 2011 | Kimble Charting
The chart below was posted on 11/18 reflecting a “possible bullish inverse Head & Shoulders” pattern in the Basic Materials ETF (IYM), similar to one that took place last summer, resulting in a 50% rally in IYM in a matter of...
by Chris Kimble | Nov 18, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE Last summer an inverted/Bullish head & shoulders pattern formed in the Basic Materials ETF (IYM). As this pattern was forming, in the summer of 2010, sentiment was becoming extremely negative and the “Power of the...
by Chris Kimble | Nov 9, 2011 | Kimble Charting
Shared on 10/21 that we should keep a close eye on Basic Materials/Copper, since the broad markets need them if they are to push much higher. (see post here) Below is an update to the price action of IYM and JJC of late. CLICK ON CHART TO ENLARGE The...
by Chris Kimble | Oct 21, 2011 | Kimble Charting
CLICK ON CHART TO ENLARGE Retail is looking “Good”… Basic Materials has been looking “Bad”….. 500 index has been “Unchanged” for a few months. A chain is only as strong as its “weakest...
by Chris Kimble | Oct 19, 2011 | Kimble Charting
Basic Materials (IYM), Copper (JJC) and Freeport McMoran (FCX) have declined over twice as much as the 500 index, since the July highs. Watching what the weakest sectors do during declines can give you great clues to the bigger picture. CLICK ON CHART TO ENLARGE...