Buy signals for the aggressive.
The last three or for days ought to put to rest what the nature of this downwave is (was). It was a test of the bulls arranged by the contrarians. …
Continue Reading
Buy signals for the aggressive.
Analyzing the downwave….
We are now in a 35 day downwave which is 7.87% down from the top. It has tripped the Variant 2 new high stop, but, as may be seen from…
Continue Reading
Analyzing the downwave….
Greased pig market…
Technicians note that a failed signal, followed by a signal in the opposite direction, is a high probability bet, meaning that today's cancelation of yesterday's power bar presages further downside.…
Continue Reading
Greased pig market…
Belaboring the obvious–downwave ends.
Power bars like this almost invariably mark the end of downwaves. Meaning traders who are short will now see their profits eaten if they don't reverse. It is largely a…
Continue Reading
Belaboring the obvious–downwave ends.
Broken trendlines come home to roost…
All the omens are bad -- said the Delphic oracle to Cyrus... The Dow Theory just threw off a sell signal, the long term trendlines from March 09 (!) are…
Continue Reading
Broken trendlines come home to roost…