Archive for June, 2018

Hold nose, jump into cold water…

Posted on Jun 09, 2018 by .

0

http://schrts.co/ivhRtn

We recently said that only the bold would be in to this volatility plagued market.  Then we looked at the chart again.  There is a breakout (A) from a triangle and a breakout from a congestion area (B) with good volume patterns.  So we said to ourselves if volatility  causes equity swings we’ll just grin and bear it.

Continue Reading

Astounding market events… be patient…

Posted on Jun 01, 2018 by .

0

http://schrts.co/8hYzfC

Here’s how we got here.  Rarely have we seen a formation that is more difficult to draw conclusions from.  We can analyze it without great difficulty.  There is first of all the last (so far) wave of the great 09-18 bull market.  This is topped off by a semi-parabolic wavelet followed by the waterfall of prices.  This doesn’t look like a top,  It’s hardly a down wave.  The awkward nomenclature system calls it a “correction”–which amounts to –high to low, 11%.  Percipitous falls are quite common after spike events like this.

Continue Reading