Archive for July, 2018

Easy come, easy go…

Posted on Jul 28, 2018 by .

0 There probably should be a case in our language to discriminate between “easy comes” of  less than milllions (much less billions) and multi billions.  On Thursday the market shaved (nuked?) 120B (BILLIONS) from the market value of Facebook.  Is this significant?  Well it broke Facebook’s long term bull trend. The reaction in July set […]

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Breaking away? or breaking backs?

Posted on Jul 25, 2018 by .

0 While we believe that contrarians still control the market, there is no doubt that prices are breaking above their highs and throwing off buy signals.  The new high was made a few days ago –on such lackadaisical action that it looked like a bull trap.  But now we are getting confirmation thrust and […]

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Buying signals…

Posted on Jul 10, 2018 by .

0 Over the past several months we have seen the market sell off, then bounce off the low and surge in a limited wavelet.  The up wave has never developed into a strong trend wave because of the power the contrarians and traders have in these markets. Nevertheless basic price  continues to make new highs […]

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