Warning: Use of undefined constant ddsg_language - assumed 'ddsg_language' (this will throw an Error in a future version of PHP) in /home/forge/www.edwards-magee.com/wp-content/plugins/sitemap-generator/sitemap-generator.php on line 44
Technical Analysis of Stock Trends | Archive | January
Warning: Use of undefined constant style - assumed 'style' (this will throw an Error in a future version of PHP) in /home/forge/www.edwards-magee.com/wp-content/themes/busybee/functions.php on line 247

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/forge/www.edwards-magee.com/wp-content/themes/busybee/header.php on line 34

Archive for January, 2012

Slow down and smell the tulips…

Posted on Jan 30, 2012 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/forge/www.edwards-magee.com/wp-content/themes/busybee/archive.php on line 57

And time to reprise our famous lecture about tulips which first saw the light of day in 1999 in our seminars at U.C. Berkeley Extension.  When we first started talking about tulips students thought they had wandered into a gardening class by mistake. Not. The classic text is Extraordinary Popular Delusions and the Madness of […]

Continue Reading

Achtung! Don’t go to sleep here!

Posted on Jan 28, 2012 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/forge/www.edwards-magee.com/wp-content/themes/busybee/archive.php on line 57

There is never any lack of disagreement amongst the punditry.  This is also true for technical analysts.  And for fundamental analysts.  And for analysts of all other stripes (and spots).  That’s why we have horse races and super bowls and the stock markets.  In the chart above we see one of the objects of disagreement […]

Continue Reading

Disregard this letter also.

Posted on Jan 22, 2012 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/forge/www.edwards-magee.com/wp-content/themes/busybee/archive.php on line 57

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p40392582161&a=254727527 You can use this link to see a larger chart. We haven’t stopped detesting forecasting, but there  is a question in the waves here that should at least be mentioned.  Our last comment on potential for this trend, using the Wyckoff measuring method,  forecast a wave high of 1860.    While this seems fanciful to […]

Continue Reading

A Dow buy signal.

Posted on Jan 19, 2012 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/forge/www.edwards-magee.com/wp-content/themes/busybee/archive.php on line 57

It is impossible to interpret yesterday’s action as anything but a buy signal in the Dow.  Prices went to a new recent high on a power bar — and — the downtrend line from March was broken on the same bar.  We are buying for our personal account.  Taking out the March highs will be […]

Continue Reading

Disregard this letter.

Posted on Jan 16, 2012 by .

0

Warning: Use of undefined constant vid_cat - assumed 'vid_cat' (this will throw an Error in a future version of PHP) in /home/forge/www.edwards-magee.com/wp-content/themes/busybee/archive.php on line 57

Occasionally there are times when we are required to –like it or not — act like a technical analyst.  This is one of those times, so we warn our readers so they can be prepared to take the letter with a large grain of salt. Since the head and shoulders top curse was fulfilled the […]

Continue Reading