Hold nose, jump into cold water…

Posted on Jun 09, 2018 by .

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http://schrts.co/ivhRtn

We recently said that only the bold would be in to this volatility plagued market.  Then we looked at the chart again.  There is a breakout (A) from a triangle and a breakout from a congestion area (B) with good volume patterns.  So we said to ourselves if volatility  causes equity swings we’ll just grin and bear it.

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Astounding market events… be patient…

Posted on Jun 01, 2018 by .

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http://schrts.co/8hYzfC

Here’s how we got here.  Rarely have we seen a formation that is more difficult to draw conclusions from.  We can analyze it without great difficulty.  There is first of all the last (so far) wave of the great 09-18 bull market.  This is topped off by a semi-parabolic wavelet followed by the waterfall of prices.  This doesn’t look like a top,  It’s hardly a down wave.  The awkward nomenclature system calls it a “correction”–which amounts to –high to low, 11%.  Percipitous falls are quite common after spike events like this.

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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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