Archive for February, 2020

Catch a falling knife…

Posted on Feb 27, 2020 by .

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http://schrts.co/FMQecMJG

Traders and pros joke among themselves about catching a falling knife in markets like the present — where the market is in freefall and there appears a rich reward for those who catch the bottom and profit from the bounce.

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Long term stops…

Posted on Feb 23, 2020 by .

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http://schrts.co/EKwicZHp

The market last week showed some signs of toppiness, including  a down gap (see below).  The overall context as seen here is still quite bullish, but the time to plan for trouble is before it starts.  This being the case a conservative stop is set at 3084.

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What is it? Good question…

Posted on Feb 17, 2020 by .

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http://schrts.co/gKNiPnDI

Wyckoff analysts will immediately see the possibility that the present wave (74 days) may be what Wyckoff called “UTAD”  or upthrust after disstribution.  And that is entirely possible.  Or it might be just an everyday blow-off.  Whatever it is it appears to us  to be laden with danger and volatility.  Of course the talking heads and pundits have been howling for a bear market or severe correction during this entire episode.

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If you don’t like the weather…

Posted on Feb 06, 2020 by .

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http://schrts.co/hFjEYTvs

Mark Twain once remarked in San Francisco: If you don’t like the weather wait a minute.  We thought of that when we started analyzing the present market.  That is-if you don’t like the market…  That has been true for some weeks now.

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