Archive for January, 2018

Rest of the last letter…

Posted on Jan 29, 2018 by .

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http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=574130367 Absent minded?  Who’s absent minded?  Well we did forget the final part of our last letter — our first mistake this year.  So here is what we forgot to say: The market is looking so bullish that we decided to run a Rule of Seven study on it (http://www.edwards-magee.com/ggu/ruleofseven.pdf).The result is above.  This study […]

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Playing with fire…

Posted on Jan 29, 2018 by .

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http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=574130367 As our readers are well aware we detest making predictions and forecasts —  and we generally mock and deride analysts who do.  so we have been putting off writing this letter for some time. But there is no getting around it: The great bull market is alive and thriving.  And there is every prospect of […]

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Standing in front of the train, or riding it…

Posted on Jan 18, 2018 by .

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http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=0&mn=6&dy=0&id=p75734112346 The WSJ notes that many investors are standing on the sidelines salivating — waiting for the correction to buy.  This is amateur tactics. When the market has (or is) run (ing) away from you the smart trading tactic is to scale in.  Divide the capital you intend to have in the market when all […]

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Breaking away…

Posted on Jan 04, 2018 by .

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  http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr LD=0&mn=6&dy=0&id=p70142979615&a=266398464 These are stong buying signals.  We are buying more UPRO ($spx) and QLD (QQQ)  At the moment there is no defined resistance overhead. We think the last thre wavelets here are constructive to the trend. And, also (!) the state of the parabolic wave is murky, but always present.  Don’t overtrade.  As […]

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