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

Nose job…

Posted on Mar 27, 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 Old highs represent resistance, and that is where the SPX got its nose bobbed in an attempt at a new high.  We are probably in for a downwave now.  We are skeptical about the trendline, but it’s broken and besides the formation here argues for a reaction.  The conservative thing to do here is […]

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SPX looks set to nose over recent highs…

Posted on Mar 19, 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 Literally  a nose to supersede three important wave highs:  2080, 2104, 2116, labeled on the chart as a,b,c.  Distance is less than a nose: .015, .026, .o32.  When the last of these is taken out the entire structure of the market will be changed — actually in quite a dramatic fashion. The downtrend that […]

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The technical situation…

Posted on Mar 15, 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 There is a wealth of information here, none of which foretells the future.  On the ambiguous side the upwave now in process is strong, 35 days, 12%, with 14 strong or power bars.  The three bars off the bottom are especially rare–and  important.  If anything helps foretell the future these bars do.  What is […]

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Breaking Away…

Posted on Mar 06, 2016 by .

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http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p60546422961&a=255869372 Gold has convincingly broken out of its triangle.  We remain skeptics, but you can’t fight the chart staring you in the face and the markets haven’t got the zika virus out of their system  so look for a profitable but not long lasting trade. http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 http://stockcharts.com/freecharts/pnf.php?c=%24SPX,PWTADANRRO[PA][D][F1!3!!!2!20] The SPX chart is now very bullish.  The […]

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Confirming explosions…

Posted on Mar 02, 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 8 days ago (11) in what we jokingly referred to as “three gazelles leaping” the market gave us three power bars. The strength and power (and rarity) of this formation augur well for a bull wave.  Today a strong confirmation bar put an exclamation point on the three gazelles. How long and strong this […]

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