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Technical Analysis of Stock Trends | Archive | April
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Archive for April, 2012

Spring springs eternal….

Posted on Apr 29, 2012 by .

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The entire chart is a reminder of where we came from — the broken trendlines from October — and also the broken long term downtrend line from 07.  Trendline D, the last short term downtrend line is the star of the piece we often call the alpha-beta–gamma–zeta wave –except there was no gamma (or C) […]

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Revenge of the Apple…

Posted on Apr 26, 2012 by .

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It didn’t take Apple long to justify our last letter.  One day.  The huge earnings gap stuck a finger in the eye to doubters, and the long term approach we advocated was instantly vindicated.  The technical lesson here is that short extremely sloped trendlines have consequences appropriate to their length and slope.  This doesn’t mean […]

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The Lesson of the century… watch closely…

Posted on Apr 21, 2012 by .

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Yes, of course, it’s AAPL.  And here is another way to look at it. Daily chart above, weekly chart below.  If you looked at the weekly chart as though it were daily you would shrug your shoulders, hold the stock and get back to your golf game.  This in spite of the fact it’s off […]

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Loves Labors Lost…

Posted on Apr 19, 2012 by .

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Maybe it would be best, Tarantulas labors lost.  The tone of the market is vividly illustrated by today”s price action in the SPX.  A top to bottom range of 20 points, which is enough to leave the casual observer dizzy, but within that  range 6  major waves, one of which reached 6 points itself on […]

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Musical chairs and the tarantella…

Posted on Apr 14, 2012 by .

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Or dancing with tarantulas.  The markets over the last week or so have had the fingerprints of the big hedge funds on them — trading aggressively as they grab seats for the musical chairs game.  Frankly the tarantella is not our dance — jotas we can stand and sambas but most of all waltzes — […]

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