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Technical Analysis of Stock Trends | Archive | Featured Letters
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Archive for 'Featured Letters'

S&P 2602.33? Once again stepping into the dark waters of mystery…

Posted on Jun 02, 2014 by .

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  In October 13 we presented the above chart ( http://www.edwards-magee.com/?p=4463) (link below next chart)  which  made a daring analysis based on the rule of seven.  We didn’t make a big thing out of it, and said, correctly that it was just the application of an old technical analyst’s tool.  As you can see it […]

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Is it safe to go back in the water?

Posted on May 28, 2014 by .

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  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 If the above chart is to be believed the stalemate is broken.  Exactly what happens now is in the hands of the market, but contrarians should at least be chastened.  But since they always bet on a reversion to the mean they will be selling.  This may be a profitable activity for a […]

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Trench warfare

Posted on May 24, 2014 by .

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  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 With Memorial day on us it is worth reminding readers of the horrors of World War I.  After a series of indecisive battles (and the German failure to follow the von Schlieffen plan) WWI settled in to trench warfare in which unimaginable hardships were borne in the trenches by both sides.  Clueless generals […]

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The art and science of top analysis

Posted on May 23, 2014 by .

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  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Forget the science part.  There is none at present which is dependable.  Technicians are running around crazily calculating RSIs and MACDs  and computing cycles and “analogues” and  throwing the I Ching and dusting off their crystal balls.  Sound and fury signifying nothing.  There is some interesting work by Paul Desmond at Lowry’s.  (You […]

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Ominous formations in IWM AND QQQ

Posted on May 16, 2014 by .

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  http://stockcharts.com/h-sc/ui?s=IWM&p=D&yr=1&mn=0&dy=0&id=p42567425598&a=350518198 The most superficial examination of the IWM reveals  details with negative implications.  A two month downtrend is obvious and prices are approaching the horizontal trendline.  This trendline may well be the neckline of a mutant head and shoulders formation.  We have marked the head and shoulders (h-s-s).  Regardless of whether the formation is […]

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