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

The purpose(s) of Wall Street…

Posted on May 30, 2013 by .

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Wall Street of course is a giant risk sharing, capital financing engine — the beating heart of capitalism.  That is one of its purposes.  Aside from that one of its major functions is to transfer investor money into Wall Street pockets:  it was as we remember John Bogle who said: “Our hypothetical fund investor has […]

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Nothing much…

Posted on May 25, 2013 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p88150915824&a=214966864 It might seem strange to regard the week as not much — especially when the SPX transversed 38 points on Wednesday and the Nikkei took a 6% dive.  How can this be?  Easy.  Same as any sea going voyage (in the Bermuda triangle) good weather for weeks then one little old Mass Coronal Explosion […]

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Welcome to the roller coaster.

Posted on May 22, 2013 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p88150915824&a=214966864 Think the market is sure of itself?  Think again.  Today in conversation with Congress Bernanke hemmed and hawed when asked if he would tighten policy by Labor Day.  The market paniced and from up (Dow) 155 points finished the day down 80 — a range of 178 points.  You could discount this a trader […]

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Froth.

Posted on May 18, 2013 by .

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This picture was published in the WSJ noting the sale of this immortal piece of art (Barret Newman) for $42M.  In the Journal, in black and white it was just two black blobs.  Here we see it better and realize it is two blue blobs.  What it means for market analysis is that froth and […]

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If this is not a confirmation, what is?

Posted on May 15, 2013 by .

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Tuesday, lucky Tuesday.  The markets took off today in what is an apparent confirmation of what we have been saying — the bull market is on.  (Don’t get too happy here.  It’s always when you’ve won the lottery that you discover that someone has picked your pocket.)  Also, what we have here is a 126 […]

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