Archive for 'Letters'

1st rule: more of the same, with intermitent volatility

Posted on Jun 26, 2018 by .

0

http://schrts.co/ivhRtn

More of the same: this market is still in thrall to the events of February:  2872 at the top and 2580 at the bottom.  Within this context we have just seen two up wavelets.  The latter of these  has just ended, as indicated by the trendline, followed by, for emphasis, by a power bar down and a gap.  As these are short term phenomena it means we are in a down wavelet, duration and strength unknown, but probably constrained by the range.  Swing traders will undoubtedly be short, and long term invesors will be gritting their teeth and staying long.

Continue Reading

Hold nose, jump into cold water…

Posted on Jun 09, 2018 by .

0

http://schrts.co/ivhRtn

We recently said that only the bold would be in to this volatility plagued market.  Then we looked at the chart again.  There is a breakout (A) from a triangle and a breakout from a congestion area (B) with good volume patterns.  So we said to ourselves if volatility  causes equity swings we’ll just grin and bear it.

Continue Reading

Astounding market events… be patient…

Posted on Jun 01, 2018 by .

0

http://schrts.co/8hYzfC

Here’s how we got here.  Rarely have we seen a formation that is more difficult to draw conclusions from.  We can analyze it without great difficulty.  There is first of all the last (so far) wave of the great 09-18 bull market.  This is topped off by a semi-parabolic wavelet followed by the waterfall of prices.  This doesn’t look like a top,  It’s hardly a down wave.  The awkward nomenclature system calls it a “correction”–which amounts to –high to low, 11%.  Percipitous falls are quite common after spike events like this.

Continue Reading

Buying signals from the lesser triangle…

Posted on May 14, 2018 by .

0

http://schrts.co/LjZ3YN

Prices fell out of the first triangle to immediately form a lesssor triangle  mysteriously missing its apex (an artifact of technology — don’t worry the apex is there,  just not yet apparent).

What is apparent is the eruption of prices out of the triangle.  The breakout has all the credentials of a valid breakout.  We will be more comfortable when prices make a new high, but until then there is only one prescription from the chart:  buy.

Continue Reading

 Page 1 of 219  1  2  3  4  5 » ...  Last »