Utilities Revisit

charts from stockcharts .com

click to enlarge charts

Maybe the Dow and Investment Bankers are watching the Utilities for a Break-out. Note in the chart how stockcharts.com now has Ichimoku Clouds without the price bar lines.They are actually still there their just set on translucent because without the Tenkan-sen & Kijun-sen there would be no spans. I tried this when trading Forex and adding my favorite moving averages and it works pretty well because you still get support and resistance lines as well as the Fib levels.

There are two Gartley's one being fractal. I also labeled the Bulkowski A&E pattern specs as well. It's a good one to revisit because of the inter-market relationship, if Sam Stovall's sector/economic model is working.

The Chart below is the Long Term Chart going Back to the beginning of the wave structure, I labeled the Fibs.                                                        See if you can Label the Elliott Wave model.This one is easy. The proper way to do the process is to calculate the 60 minute structures to see if they have a relationship with each other and also the Daily Levels. The Daily Fibonacci projections and retraces should have a relationship with the Weekly structures. They should ALL be in Harmony with each other.

There are some number changes on the chart from the previous posting on the Daily Charts.