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

Good news, bad news, confusing news, damned news, misleading news…

Posted on Jul 31, 2009 by .

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Here’s the good news (if you’re a bull, which all good Americans are, by reflex.  Bulls are what made the country great and built the railroads, and crossed the prairies and raised the Empire State Building and grew Wall Street and created the tech bubble and the real estate bubble and credit default swaps and…but […]

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Weirder and weirder, said the heart king…

Posted on Jul 29, 2009 by .

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Three years of the Indu.  And if that last wave up is not weird color us the knave of hearts.  And if that last wave up (sponsored by the Goldyman) is not too steep to last color us the joker. On the other hand –looked at on a close only chart you might actually make […]

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Fool’s gold re redux…

Posted on Jul 28, 2009 by .

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We demurred when the last buy signal in gold was offered us, as recorded here.  Good instinct, or good analysis, or good gracious – anyway it worked out not to do it, because today’s action is a clear island reversal formation.  Not that anything is dependable anymore, but good practice says you should take classical […]

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Goldyman and the three bears…

Posted on Jul 27, 2009 by .

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Want to know where Goldman’s profits came from?  You’re looking at it.  Start keeping count in March, because that’s when Goldman piled into the market.  There was nothing like technical or quantitative (perish the word in the context of a behavioral market) about what they did.  It was plain old predator instinct and market experience– […]

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Stranger and stranger said the Red Queen…

Posted on Jul 24, 2009 by .

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With the major indices taking off like the space shuttle it is strange that the basic group of ETFs is so recumbent.  We looked at the basic list and found a mess of them with uninspiring charts.  The indices are making new highs and these ETFs are basically listless:  IAI (brokers), MOO (cows) RTH (retail),  […]

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