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Technical Analysis of Stock Trends | Archive | June
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Archive for June, 2009

A most interesting line…

Posted on Jun 29, 2009 by .

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The horizontal trend line (we often call them signal lines) under the present formation (878.92 on our chart — ignore the yellow box with the 768.82 in it) is right on the top of Basing Points we identified months ago. As Carl Jung would say, synchronicity.  These presumptively  accidental phenomena occur too often in chart […]

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Who’s afraid of the big bad 200 day moving average?

Posted on Jun 25, 2009 by .

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The simplest, and simple-mindedest, moving average system is to buy when price crosses above the moving average and sell when price falls below the moving average.  Of course in mule, or sideways, markets you get whipped like a stubborn mule — or the mule of the Marquis de Sade. Discovering this in the early 20th […]

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Erosion, like rust, never sleeps…

Posted on Jun 23, 2009 by .

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We bailed on C and scaled out of most of FRE.  The ability to set a stop and honor it is what distinguishes successful investors from those people who lost 43% in the great Bush bear market.  The profits on these trades ranged from 10 to 73%.  As we said when we bought them they […]

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Signals.

Posted on Jun 22, 2009 by .

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Today’s action (we speculated last week there would be shooting this week, and sure enough….) is a signal to add to the short position.  In additon to our black boxes, crystal balls, ouija boards and general hallucinagens we have a secret collaborator who lives in our ancestral home — with the billy goats gruff — […]

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Teetering at the tipping point…

Posted on Jun 20, 2009 by .

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The present upwave, started in March is now 76 days long without a “correction” or downwave.  This past week the Dow was down 3+% in what might be the start of a downwave.  The upwave has rounded over and has not penetrated the all important high of January.  In the SPX this high has fallen, […]

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