Buying signals from the lesser triangle…

Posted on May 14, 2018 by .

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http://schrts.co/LjZ3YN

Prices fell out of the first triangle to immediately form a lesssor triangle  mysteriously missing its apex (an artifact of technology — don’t worry the apex is there,  just not yet apparent).

What is apparent is the eruption of prices out of the triangle.  The breakout has all the credentials of a valid breakout.  We will be more comfortable when prices make a new high, but until then there is only one prescription from the chart:  buy.

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Unruly triangles–unrelenting volatility

Posted on May 05, 2018 by .

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http://schrts.co/LjZ3YN

Here is the standard chart, and there are a number of ways to look at it.  However you look at it it is an unruly octagon shape looking for  a square hole.  Most unusual — a triangle developing off a triangle.  Another way to look at it is as a developing downwave.  However you look at it it doesn’t look inviting and the volatility during this period is definitely not inviting.  One way to deal with such unruliness is to define the borders of the formation and just stay away from the nastiness until prices clearly signal that the naked mud wrestling is over.

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Triangle with a silver lining…

Posted on Apr 22, 2018 by .

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http://schrts.co/AtpRWb

The measuring implications of the triangle appear to have been frustrated and we can expect trends to be short and not sweet –like that just finished–13 days. We think the market is setting up for an extended period of sideways volatile trading.  This is to set up a resumption of the bull market.  In the meantime we will know when something new is at hand –taking out the lows or taking out the highs will be the harbinger.

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Mixed signals: Dow Theory sell. Magee BPs hold. 49ers punt…

Posted on Apr 12, 2018 by .

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http://schrts.co/qn6X2z

There it is.  Clear as mud.  Why do people say that anyway?  Mud is not clear to us.  We always wallow in it until we make some sense of it.  Clearly there is a lot of mud going on here, and with a crystal ball and a marijuana stock (or a stock of mary jane) we can make something of it.  Looked at up close it looks like a triangle struggling to be reborn.  Surprisingly from the long view it looks like a top (but of no known identity).  Wallowing around down here in the mud we still believe it is a temporary correction, but not buyable because of the excess volatility.

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Still under the influence of the triangle…

Posted on Apr 01, 2018 by .

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http://schrts.co/CuWr77

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