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Technical Analysis of Stock Trends | Archive | January
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Archive for January, 2014

Long Poles and the long view…

Posted on Jan 31, 2014 by .

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Recently we referenced the PnF chart for the S&P which advertised a high price objective for the index.  We noted that  the chart pattern also included a “long pole (or high pole)  warning”.  A long pole warning is a pattern which occurs in PnF charts which warns of  near term weakness.  Briefly, in the chart […]

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It ain’t over till it’s over: Yogi Berra

Posted on Jan 28, 2014 by .

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  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Monday showed some constructive activity (and true to our speculative nature we bought a little (very little) and lifted part of our hedge).  But as Yogi said, or it’s little known that he said, beware the bouncing cat.  As in the famous dead cat bounce.  Whether Monday and Tuesday represent that cat bouncing […]

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Plane plunges 2000 feet…just a mild bump, folks

Posted on Jan 26, 2014 by .

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  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 You’re flying along at 30,000 feet and the next thing you know you’re flying along at 28,000 feet and you have coffee in your lap and the captain says, just a mild bump folks, keep your seat belts fastened.  May be some more turbulence ahead. First of all let us dispel the crackling […]

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Serious bear attack…

Posted on Jan 24, 2014 by .

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  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 There is one rule about the market which is inviolable:  Bears wait until you are traveling, preferably in the air before attacking.  While we were returning from  holiday on Kauai they mauled the market and are continuing to maul it today.  We were partially hedged, and put on more hedges today, using SPXU […]

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Interesting interest rates…

Posted on Jan 16, 2014 by .

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The galaxy of interest rates appears to be entering a new phase in a galaxy far far away…  We have closed our shorts on the long terms, TLT. and now it appears that the issue is headed upwards.    Against all economic reality, we might add.  Is there in this cosmos a being who believes […]

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