Archive for March, 2011

Punter reverts to handicapping stocks…

Posted on Mar 30, 2011 by .

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We constantly say we have given up drinking, but passing a bar the smell of beer draws us back inside and the next thing you know we’re throwing darts and singing and having fun.  Is this what Malraux meant by the human condition — or man’s fate?  Or are we just having fun in the garden of earthly delights before they take all our clothes away and we wind up in the hands of Dante?  It is good for readers to know the workings of our inner mind when we turn to handicapping.  Tim Knight, the famous bear, who just got his cojones crushed in the ebay takeover of GSI (no shame.  happens to every trader worth his salt) has this little jewel long, and the chart couldn’t do much more than scream at you.  The signal here is strong enough to wake a bear.  The nature of the company is enough  (pharmaceutical) is enough to advise not to plunge on the bet.

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Bull gores doubters…

Posted on Mar 25, 2011 by .

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As is seen in this chart the dump-bump-dump pattern has been completed.  A buy signal for those who have not already bought or added on.  Another signal will occur when the high is taken out.  Taking all these signals would be the mark of a very aggressive trader, and taking none of them would be perhaps too conservative.  You will remember our dictum that even conservative investors should add on to profitable positions in long strong trends.  And what we have going here is a long strong trend.  Readers will also remember that we never forecast or predict.

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Market practical joke — what it means… the Dow and the SPX

Posted on Mar 18, 2011 by .

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The SPX stop was tripped by .95.  The market likes to do this.  Pick your stop off and soar back up.  What do you do?  You hop right back on, and the context is always important.  But usually you can lean on the power bar.  Here two power bars may have canceled the probing black power bar down.

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