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

Pilgrims, Washington, Lincoln, and gratitude…

Posted on Nov 26, 2014 by .

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In 1863 in the midst of a Civil War even more vicious than that in which we are now involved Lincoln formalized Thanksgiving as a national holiday.  He was institutionalizing the holiday proclaimed by Washington, and before him by the Pilgrims.  The Pilgrims were giving thanks for being alive.  Lincoln was giving thanks for the […]

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Irrational exuberance. Gold bugs rejoice.

Posted on Nov 24, 2014 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 The market got over excited with news of Chinese and European stimulation programs and blasted off until contrarians and day traders  heard about the opening exuberance and jumped on the  market and beat the daylights out of it.  This is what happens when blatant moves occur in the market.  No brainer.  Nonetheless  a new […]

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Technical stuff

Posted on Nov 15, 2014 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p64823856337&a=376488190 It is gratifyig to have intelligent and alert readers.  One of whom looked at the above chart and said, isn’t this a broadending pattern?   Broadening patterns have large implications and are usually top formations.  Here is a chart of the 2000 top — a broadening formation which turned into a diamond. (p.133, 10th […]

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Europeans mistake SPX for comet. Land spacecraft Philae on Issue…orbit to 3365??!?

Posted on Nov 12, 2014 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 As the official potifex maximus of the rule of seven mystery we looked at the recent wave and came to the conclusion that we are at the beginning, not the end.  This is occasioned by the sell-off of October.  When the technician detects the beginning of a new wave he may  attempt to gauge […]

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S&P 2500? Dow 36000? Life on Mars? Intelligent life in Washington?

Posted on Nov 06, 2014 by .

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(no link) The PnF method is targeting 2410 in the S&P.  We have been using PnF since Mar of 09 which has consistently set higher targets and continues to do so.  We have also consistently made clear our agnosticism about prediction.  And.  We are not agnostics (actually Bhuddhists) about this market.  Every technical sign indicates […]

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