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Technical Analysis of Stock Trends | Archive | February
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Archive for February, 2013

Knocking at the door… and speculating about what’s on the other side of it…

Posted on Feb 28, 2013 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864   After a paroxysm of fright occasioned by the emergence of the zombie Berlusconi from the political grave the market promptly recovered its senses and took back lost ground.  As we approach all time highs we naturally encounter resistance.  That is the nature of the market.  Highs and lows represent psychological barriers.  We often […]

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Living dead scares hell out of market…

Posted on Feb 25, 2013 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864 European news papers are referring to the revival of Burlusconi in the Italian elections as the rise of the living dead, and as a vampire, and that is certainly metaphorically true.  For a decade the Italian clown has sucked the life out of the Italian economy and hindered development in Italy and in all […]

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Cacaphony of the commentators, calm of the chart

Posted on Feb 22, 2013 by .

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  As opposed to the market which has been dozing peacefully for two or three weeks, the commentariat (especially at marketwatch) has been baying at the moon like bloodhounds on a scent.  Howling for reasons that the crash will begin any day, that if not a crash, a “correction”.  In this context it is worth […]

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Bondage and lack of discipline…

Posted on Feb 15, 2013 by .

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In bondage to bomds.  Above thirty years (m/l) of interest rates.  The inscrutable march of history dictates that the end is near — but doesn’t give any dependable date.  What do you do about that?  Well you start not sleeping too soundly if your portfolio is heavy into bonds, and you probably start lightening up […]

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Measured move…

Posted on Feb 09, 2013 by .

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http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=4&mn=0&dy=0&id=p95004260755&a=268628424   Our esteemed colleague Jack Schannep (thedowtheory.com) has reminded us of an old technical analysis method — that of taking a wave finished by an (effective) bear market, measuring it, and calculating the possible second wave.  Since Mar 09 the market made a 25.4 month wave of 95.7%, interrupted by a downwave, and then […]

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