Archive for March, 2012

Which shell to watch…

Posted on Mar 31, 2012 by .

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Continuing to cause indigestion amongst technicians and the cognosenti, volume refuses to cooperate with conventional wisdom.  Perverse indicator.  Everyone knows that volume goes with the trend — or supports it — or does not diverge from it.  Meanwhile those shells keep moving too fast to keep track of.  So those who worry about these things […]

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How many economists can dance on the head of a pin?

Posted on Mar 25, 2012 by .

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  Note the new long term trendlines from Jul 10 and Mar 09. Or looked at another way, how many analysts fit into a thimble?  Sunday’s Times features an article by an economist we repsect, Paul Lim who noodles with the idea of bull market lengths and where we are at present in the average […]

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Bullish signs — very bullish…

Posted on Mar 20, 2012 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=10&mn=6&dy=0&id=p80479235585&a=239474174 Not a single analyst, pundit, tea leaf reader, investment scam letter — literally no one has remarked, or noticed perhaps the most important technical fact about the present market.  You have to look at a five year chart to see it.  The trendline is drawn  from the top in October 07, crosses the top […]

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Bonds down, market up…

Posted on Mar 17, 2012 by .

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The sell signal is clearly evident in TLT here –power bar on a downgap.  We have been watching it deteriorate for a couple of months with the downward bias becoming more and more noticeable.  Now the signal is in and we will be shorting it next week. Once again we are not believers in forecasting, […]

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Buy signals.

Posted on Mar 13, 2012 by .

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Sometimes the signals are like engraved invitations.  Just as we were opening our mouths to say that the next thing to expect was expanded volatility it reared back and smacked us in the face.  Since we are already long this is an add-on signal for us which we will be doing tomorrow.  You can almost […]

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