Archive for December, 2011

Good riddance to the old year. Happy (and prosperous) New Year.

Posted on Dec 28, 2011 by .

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Since this moment is the product of the past, here is the past.  The bear market of 08-09.  The dominant fact here is the trendline from March 09.  Not to mention over 700 days of bull market.  But after that, in June prices broke the trendline and then all hell broke loose.  There were several […]

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Favorable signs. At last signs of Santa Claus?

Posted on Dec 23, 2011 by .

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The Dow is taking out the recent high — at the lower horizontal line, and apparently will take out the next high as soon as it hears sleigh bells.  Perhaps more importantly it looks like this formation here from early November is a reverse head and shoulders (Kilroy) and a definitive break above the neckline […]

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Rimm shot on Oracle. Sound and fury signifying…

Posted on Dec 21, 2011 by .

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A 348 point move in the Dow followed by…duh… probably qualifies as an idiot if not Shakespearean move.  Trying to make sense of it from an economic viewpoint would be a waste of time. It was a purely technical move starting a new wave after two eight day waves and an antidote to trader boredom.  […]

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Curse of the vampire trendline — and living dead politics

Posted on Dec 17, 2011 by .

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Some may say that it is zombie politics cursing the markets, and they would be right.  Not just the living dead politics of Washington, but of Berlin and Paris also in this case.  But the real curse of the markets is the March 09 trendline which, with the cooperation of the brain dead politicians, holds […]

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Fool’s gold. Fool’s euro.

Posted on Dec 12, 2011 by .

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Today the gold market gave a trading short signal, as illustrated by the gap across the short term trendline.  It is always traumatic for those who have adopted (or married) the gold idea.  This is a trading signal.  We have marked long term stops for long term traders.  Remember.  It’s long term traders who win […]

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