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Technical Analysis of Stock Trends | Archive | January
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Archive for January, 2016

Scalp starts B wave…

Posted on Jan 22, 2016 by .

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 As reported we took a successful (and satisfying) small scalp and watched the SPX print what looks like the beginning of a b wave.  These b waves can be profitable and in bull markets are great entry points.  Probably not at present considering the general market situation (bear wave in a box). ANNOUNCEMENT A […]

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Reversal day?… Could be

Posted on Jan 21, 2016 by .

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Early in the morning today (Wednesday) the ratio of down stocks to up stocks was 30-1.  Volume was excessive, as may be seen from the volume bar.  Price was down in the -500 range in the Dow.  As may be seen from today’s bar (long lower shadow) price recovered more than half.  It looked […]

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Little comfort in the wise…

Posted on Jan 18, 2016 by .

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Well, as Oscar Wilde said, there’s little comfort in the wise this side of paradise.  And obviously the time to have done something is obviously long past — so what is the situation right now?  Perilous, but not fatal.  Now one is waiting for the bear to finish off the last of the paniced […]

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Probing for the bottom…

Posted on Jan 11, 2016 by .

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  weekly bars http://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=2&mn=0&dy=0&id=p19867336111&a=440585757 We expect, any moment, a bounce from the waterfall wave we have seen for almost two weeks.  Perhaps as early as tomorrow (Tuesday).  The magnitude of the wave is nothing out of the ordinary (7%, m/l), though the daily waves have been somewhat discomfiting. The last downwave follows the bear patttern […]

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Chinese fireworks celebration…

Posted on Jan 07, 2016 by .

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Chinese fireworks have ignited a conflagration in our markets.  We have flattened all our posistions, even long term IRA accounts.  95% of our capital was already in cash, as we specified in our May letters.  A fuller analysis follows in good time. (Our last letter was rife with typos.  A corrected version is on […]

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