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Technical Analysis of Stock Trends | Archive | August
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Archive for August, 2017

Price rides Zeta wave…

Posted on Aug 30, 2017 by .

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 Readers will immediately see the A-B-G-Z pattern being fulfilled here.  (See our recent letters.) We have almost always found buying at this point to be profitable.  Often in these cases we set a higher stop on the add-on than on the basic position.  In this case 2310.72

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Alpha, beta, gamma…

Posted on Aug 17, 2017 by .

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 We have spoken frequently of the alpha-beta-gamma-zeta pattern (http//www.edwards-magee.com/ggu/alphabetazetawaves.pdf), and the present pattern leads us to speak of it again.  We have labeled the waves here , though they be short enough and compact enough to be called wavelets.  Today was the gamma wave (or in some notation the c wave.)  Bears and Chicken […]

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Who you gonna believe? the press or your lying eyes…?

Posted on Aug 03, 2017 by .

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http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=6&dy=0&id=p81758643050&a=424811737 Here we have the classical case of 22000 talking heads trying to call the top, but if you look at the chart it screams bull market.  And not only that , but a new milestone: 22000.  Merrill Lynch is bullish on America.  So are we. http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 The INDU is stronger than the S&P because […]

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