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Failed signals…

Posted on Nov 14, 2018 by .

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http://schrts.co/YPNQ1c

We have repeatedly inveighed about the dangerous volatility of this pattern.  Yesterday the Dow fell to earth like a dead duck.  Usually, of late, contrarians jump on an oversold condition, as this might be, and drive the price up sharply.  Didn’t happen.

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Buy signals and volatility…

Posted on Nov 11, 2018 by .

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http://schrts.co/6HHnKb

We still have questions about the wave state of the market but it’s hard to doubt the strength of this wave, whatever it may be from a theoretical point of view.  It is acting like a zeta wave and the gaps look like breakaway and continuation gaps.  Under almost any other circumstances we would buy this enthusiastically.  Here the continuing volatility and the influence of traders mean that owning this is owning some unpleasant volatility.

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the long view of the market with basing point stops…

Posted on Oct 31, 2018 by .

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Clearly showing the break of the 2016 trendline.  Below we will examine the placement of long term Basing Point stops.

http://schrts.co/tfJisN

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