Archive for April, 2018

Triangle with a silver lining…

Posted on Apr 22, 2018 by .

0

http://schrts.co/AtpRWb

The measuring implications of the triangle appear to have been frustrated and we can expect trends to be short and not sweet –like that just finished–13 days. We think the market is setting up for an extended period of sideways volatile trading.  This is to set up a resumption of the bull market.  In the meantime we will know when something new is at hand –taking out the lows or taking out the highs will be the harbinger.

Continue Reading

Mixed signals: Dow Theory sell. Magee BPs hold. 49ers punt…

Posted on Apr 12, 2018 by .

0

http://schrts.co/qn6X2z

There it is.  Clear as mud.  Why do people say that anyway?  Mud is not clear to us.  We always wallow in it until we make some sense of it.  Clearly there is a lot of mud going on here, and with a crystal ball and a marijuana stock (or a stock of mary jane) we can make something of it.  Looked at up close it looks like a triangle struggling to be reborn.  Surprisingly from the long view it looks like a top (but of no known identity).  Wallowing around down here in the mud we still believe it is a temporary correction, but not buyable because of the excess volatility.

Continue Reading

Still under the influence of the triangle…

Posted on Apr 01, 2018 by .

0

http://schrts.co/CuWr77

Continue Reading