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Technical Analysis of Stock Trends | Archive | April
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Archive for April, 2011

Shorts taking it in the shorts. Pundits too.

Posted on Apr 30, 2011 by .

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Here is a good picture of where things are really at.  Pundits, talking heads and shorts rejoice each time we get a downwave thinking that THIS IS IT, THE BEGINNING OF THE END!  Not realizing that it’s just a downwave.  This little downwave was about 2.87% in 9 days.  If you’re short and you’re taking […]

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SLV. Silver, or Quicksilver?

Posted on Apr 27, 2011 by .

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No sooner had we made an analysis of the silver market than the silver market turned around and made us look like chumps.  What a difference a day makes — or four or five hours.  Now that the day is over what do we think?  Well we think that readers who follow our advice to […]

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SLV. TOP.

Posted on Apr 27, 2011 by .

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This looks like a top in silver to us.  So we sold our silver trade — note, trade, not investment.  We took 40% profits in our account.  In our sons’ accounts we took profits of 180% and 192%.  Our sons are better traders than we are (actually we just sort of trend trade their account […]

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Spanking shorts–as we were saying…

Posted on Apr 23, 2011 by .

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If a 190 point day doesn’t make short queasy nothing will.  Let us specify how we feel about shorting.  We love it.  But, dear readers and students, shorting a roaring bull market is foolish in the extreme.  Fighting the trend is for gamblers, not traders.  Sometimes you make a quick hit.  Most of the time […]

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Market rhythms…cha, cha, cha

Posted on Apr 19, 2011 by .

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We remarked a few days back — about the 6th that a change of rhythm was occurring.  And that certainly appears to be the case.  After a little upwave of about 7% and 16 days the downwave we are in now began — now at 9 days and 3.334% in the SPX. Other changes are […]

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