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Technical Analysis of Stock Trends | Archive | January
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Archive for January, 2015

Angels and devils wrestle for soul of market…

Posted on Jan 28, 2015 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 Yesterday the devils won, posting a 28 point range in the SPX, and rattling everyone’s teeth.  The significance for the larger pattern is the interruption of the zeta wave, which is now in danger.  Contrarians (the devils) have been sniping (devil’s snipers) at the market for months, leaving everybody — including Soros — or […]

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Conjecture raises its ugly head and shoulders…

Posted on Jan 25, 2015 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 Before the howling herd raises the specter we should point out the potential head and shoulders formation here.  Shoulder; Dec;  head,Jan; right shoulder (2 of them) being formed as we speak.  Now, an antidote to head and shoulders craziness:  a formation is not complete until it is complete; and the neckline is broken.  Magee […]

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All that glitters…

Posted on Jan 21, 2015 by .

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http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=2&mn=9&dy=0&id=p43220082674&a=255869372 We have been watching gold with deep skepticism.  But it is true that GLD has broken a very important long term trrendline, and given off a buy signal as shown in the following chart. http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=6&dy=0&id=p50004896245&a=234983962 Here is the source of our suspicion:  GLD has gone parabolic.  And this most often leads to a fall. […]

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Earthquake. More than one earthquake…

Posted on Jan 17, 2015 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 At last!  Something that worked the way it’s supposed to work  — that is, five days down expect a bounce.  Often four days down will have the same effect, and so we were a day early in the expected surge up.  Given the chaos of the market recently there is no guarantee that the […]

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Bored yet? Alpha, beta, gamma wave

Posted on Jan 15, 2015 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 A wave that transverses 50 or 60 points (or 400+ in the Dow) is ample antidote to boredom.  The question is, is, is it bearable?  The answer is that it is bearable if you are a long term trend trader.  Nevertheless market volatility is enough to raise the eyebrows — if not set the […]

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