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

What’s going on…What’s going on? WHAT…

Posted on Oct 28, 2012 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864   http://stockcharts.com/h-sc/ui?s=GOOG&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=249618391 What’s going on? Pretty obvious actually.  Some major players (or player) just took a major piece of risk off the table.  Of course they may have created the risk they were trying to avoid.  They took GOOG down 104 points in 15 trading days, and AAPL down 101 points in 26 days.  […]

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Do not walk about the plane. Fasten seat belts…

Posted on Oct 23, 2012 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 We warned you about October 19.  The market is clearly spooked.  And of course, no one knows why.  Well, we know why.  It’s because a lot of heavy selling took place.  Why’s that?  Who knows?  There is a major sun flare around this time.  But basically all those sellers sold before the music stopped […]

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The witching day… October 19…

Posted on Oct 19, 2012 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 October 19, 1987 we were driving in late to San Francisco when we heard the market collapsing.  We had been expecting a major collapse but the next year.  Nonetheless, acting on some ingenious software we had developed we were long straddles, so a market collapse was a bonanza for my company, Options Research.  Bear […]

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PnF charts go thumbs down…

Posted on Oct 14, 2012 by .

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Friday the PnF charts displayed new (bearish) patterns.  We don’t make our decisions based on PnF charts but we watch them out of the corner of our eye.  The method looks for a target of 12900 in the Dow. The target in the SPX is 1380.  PnF charting is a fallible as every other analytical […]

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Switch gears…

Posted on Oct 10, 2012 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 The general market environment has deteriorated over the past few days.  In the SPX a new pattern appears to be emerging– namely a lower high and a lower low.  At the moment this lower low is razor thin –.64 as compared to .53, but the alert is there.  In addition the SEpt-Oct pattern has […]

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