Archive for June, 2019

On the razor’s edge…

Posted on Jun 23, 2019 by .

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  http://schrts.co/qdvDsUSv By a hair prices have made a new high.  This awaits confirmation.  Elements to consider:  Climax like volume; Flag formation is not complete and has more upside in it; Confirmation should ignite a strong new wave; Is this the top of a second wave of a double top pattern? Confirmation is a strong […]

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Flag?

Posted on Jun 17, 2019 by .

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http://schrts.co/JEQNCtsv This powerful upwave appears to stall over the past five days.  Or perhaps it’s not a stall but a  flag.  Flags have the function of replacing a correction or downwave.  And they are very bullish.  Edwards noted that “the flag flies at halfmast”.  That would mean if the price breaks up we would look […]

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Buying signals…

Posted on Jun 09, 2019 by .

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The market is showing all the signs of breakout.  Here in the SPX it looks like we are seeing a stong zeta wave breaking the downtrend line.  We added to our position. http://schrts.co/sdmeBxiV Individual issues are showing the same kind of pattern, and we see AAPL, MSFT, and AMZN (among many others) as buyable issues.  […]

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Real downtrend…

Posted on Jun 03, 2019 by .

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http://schrts.co/EIeexWaJ The previously identified abgz formation  we have looked at has collapsed and is much larger than appeared.  We are now in the gamma wave and worse, are in a downtrend  that is not predictable.  Eventually we will see a zeta wave, but when is not known.  Classic management technique directs either exit from the […]

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