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Technical Analysis of Stock Trends | Archive | September
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Archive for September, 2010

Surge, drift, flush…

Posted on Sep 30, 2010 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p01433014824&a=207879904 We are in a bit of tight spot from the point of view of trendlines here.  In effect there is no good anchor point in September, leaving us to basing points and money management stops as we previously discussed.  Nonetheless of some use to us is recognition of the surge-drift-flush pattern which appears to […]

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Stops. What it’s all about.

Posted on Sep 26, 2010 by .

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http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=2&mn=0&dy=0&id=p29426735132&a=205639989 In general we evaluate the market through the lense of the Dow.  And in general this is effective.  Occasionally there is a divergence between the three major indices (Dow, S&P, Qs).  But a buy or sell signal in the Dow we generally take as a marketwide signal, and the same with sell signals. So […]

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Power bars in the QQQQs and S&P — Market for buying

Posted on Sep 25, 2010 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p62881197949&a=207879904 Two power bars in five days.  One a breakout, and the other a confirmation.  Rushing on to October we only had three down days after the breakout.  What does this mean?  Double dippers, chicken littles, bears throwing in their hands and getting out of the way. This is a vivid lesson in not having […]

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Rare earth — rare birds. REE.

Posted on Sep 24, 2010 by .

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http://stockcharts.com/h-sc/ui?s=REE&p=D&yr=1&mn=0&dy=0&id=p58552130685&a=209299648 Financial writers can be snarky at times and the current Marketwatch has a semi snarky column on Jim Dines and rare earths.  Dines is indeed a rare bird in more ways than one.  We like to go to his booth at investor shows.  Not to see Dines.  We know what he looks like.  We […]

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Money talks. Especially when it’s the euro. It’s talking now…

Posted on Sep 22, 2010 by .

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http://stockcharts.com/h-sc/ui?s=FXE&p=D&yr=0&mn=6&dy=0&id=p88765093810&a=203282122 In case you missed our earlier letter about the euro, here it is re-emphasized in spades.  Broken fan lines, gaps, power bars and eye catching volume.  And it just took out the nearby high.

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