Archive for February, 2019

The tipping point… nose up against resistance…

Posted on Feb 26, 2019 by .

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http://schrts.co/VuskVtDx

Weekly basis.  A weekly basis chart dramatizes recent price action.  There certainly is some drama in the chart– 9 weeks of advancing prices.  The upshot is essential drama.  Price is nose up against important technical and psychological resistance.  The price itself is shot with significance:  2800.  Centenary numbers have what Gibbon called numen.  This numinous character underlies market action, inhibiting advance and when broken acting as an impulsive force.

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Man bites volatility…

Posted on Feb 18, 2019 by .

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The character of volatility never changes.  It always reverts to the mean.  That doesn’t mean that it is absolutely predictable.  That would be a rare animal indeed.  Rather it is a general concept sometimes apparently voided in specific instances.  Nonetheless it always behooves the trader/investor to know the state of volatility when making decisions.  You also have to observe (in many cases) the volatility of the individual issue you are concerned with and wheere it fits into long term behavior.

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