Archive for January, 2009

PHG and speculative buy signals

Posted on Jan 30, 2009 by .

0

Speculative is the operative word here.  The recent activity in PHG might be prelude to a breakout.  And then the gaps might be pattern gaps.  That’s why it’s called speculative, because it’s not certain.  Nonetheless the situation illustrated by the two short tight trendlines often represents a speculative signal.  The break across the trendline with increased volume during the pattern should mean that someone is buying.  The down bars are the natural wave reaction to scalping and profit taking.  A gap or power bar across these lines often represents the early opportunity.  Also speculators make and lose more money than prudent investors, who will wait for a break of the horizontal line.

Continue Reading

DBA — Building up to a big harvest?

Posted on Jan 30, 2009 by .

0

Here is a very positive pattern in DBA.  Looks very like a kilroy (h&s) bottom.  The conservative, and prudent thing to do is wait for a breakout above the neckline, but your impatient speculators might be beginning to scale in now.

Continue Reading

Gold! Gold! Gold in California!

Posted on Jan 30, 2009 by .

0

Thee is no assurance whatsoever that this is the beginning of the roaring trend, but the chart is littered with buy signals.  Our readers know that we feel this will be one of the great markets of the century.  We feel the stops should be exceptionally wide and that large swings in equity should be accepted.  Otherwise the manipulators will take you out of your position and then laugh at you as they gap it up.  

Continue Reading

Dow –Technical picture becomes clear — as mud

Posted on Jan 29, 2009 by .

2

Actually that’s just your faithful correspondent making funny –what else can you do about the Dow?  Well, you could break down and cry, but then you might miss the breakout for the tears.  However there is some semse to made of the Dow pattern.  First of all, surprise, it is a sideways trend with a downward bias.  This is big news to our readers, we’re sure.  So what do you do in a sideways trend?  Hold on to your positions if you’re short the trend.  Make no new commitments (except as hedges, bottom fishing or buying lottery tickets, OR picking up stocks unjustly devalued on which you have expert or insider knowledge).  Or trade — as in buy the bottoms of the ranges and sell the tops.  Buy weakness, sell strength.

Continue Reading

Platinum — as in blondes and exhausts

Posted on Jan 27, 2009 by .

0

The platinum ETF just presented an interesting picture.  A breakout and pullback to the breakout line.  We bought some for our own portfolio.  In addition there was a clear buy signal on the gap today.  Obviously the stop is 5% under the nearby low.


Continue Reading

 Page 1 of 3  1  2  3 »