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Lack of certainty…

Posted on Sep 13, 2015 by .

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0913indu

http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p27293583434&a=424016262

We have remarked that we consider this year long action one formation.  And — with 20/20 hindsight it is now clear that the systems Basing Point should have remained at the oct14 low.  We had already discounted the flash low as an  invalid trend change.  This reconsideration furnishes the theoretical rationale for our present posture.  Which is… We scaled in to small bets in UPRO.  An aggressive move.  Not for conservatives.

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alphabetagammizado — and key reversal days…

Posted on Jun 22, 2013 by .

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0621spx

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p91663446137&a=266398464

 

alphbetagammizado is a secret code which points to the album of the same name by the brazilian musician Carlinhos Brown — a tour de force which will set your blood boiling and make you forget rock and roll –except for the Beatles.  But enough of cultural notes — today the market displayed what technicians call a key reversal day.  As shown it is a day where there is a lower low and a higher close than the previous day.  This reinforces our analysis yesterday that the downwave had largely exhausted itself.  (No guarantees.)

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Imminent bear attack?….

Posted on Apr 04, 2013 by .

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Earlier today we noted that the Dow Transportations (etf IYT) was breaking some medium term trendlines.  That provoked us to examine some other important charts and what we saw made us want to haul the foodbags up the tree against a bear raid.

0404iwm

http://stockcharts.com/h-sc/ui?s=IWM&p=D&yr=0&mn=6&dy=0&id=p10639251671&a=229975465

The Russell 2000 (IWM) is breaking a 4 1/2 month trendline from November.

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Knocking at the door… and speculating about what’s on the other side of it…

Posted on Feb 28, 2013 by .

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0228spx

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864

 

After a paroxysm of fright occasioned by the emergence of the zombie Berlusconi from the political grave the market promptly recovered its senses and took back lost ground.  As we approach all time highs we naturally encounter resistance.  That is the nature of the market.  Highs and lows represent psychological barriers.  We often see prices back and fill at these points.  So maybe it wasn’t all Berlusconi that spooked the market Monday.  It may have been partly fear of heights.

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