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Technical Analysis of Stock Trends | Archive | Uncategorized
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Archive for 'Uncategorized'

Island reversal

Posted on Jun 18, 2020 by .

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We are not the first to observe that when the trend broke it resulted in an island reversal.  Like most market phenomena it is what happens after the observable technical event that is significant.   In this case the island price curve doesn’t follow through to the downside –which might be expected based on the […]

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Rule of 7 to upside

Posted on May 03, 2020 by .

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Just as the Rule of 7 aids in analyzing waves to the downside it can be used to analyze waves to the upside. In this particular case the wave targets calculated by the rule are by 1.40= 3600; by 1.75-3787; by 2.33 4081. We could go on, but it seems to us that the analysis […]

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Z wave penetrates trendline…

Posted on Apr 06, 2020 by .

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http://schrts.co/AhyqJhXZ The stories here are pretty clear:  the zeta wave has rocketed across the trendline –a clear buy signal.  And bulging volume records changing ownership of shares — what many technicians would consider as stocks moving from weak to strong hands.  Whatever, it is in concert with the zeta wave. We would be astounded if […]

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Bungee markets…

Posted on Mar 09, 2020 by .

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http://schrts.co/BWqEGdgi The markets now are like the carona virus  pandemic: nobody knows what infects them and what to do about it.  Our analyses may be of some effectiveness here–just as an experienced doctor sees things the uneducated do not.  Thus we have fit a market break model to the bizarre events of the last several […]

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Price breaks out…

Posted on Sep 05, 2019 by .

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http://schrts.co/fuyjKHJs The SPX jumped 23 points in a powerful exit from the long standing rectangle. (22 trading days).  Conservative investors may wait for confirmation — that would be a new high.  More aggressive traders  will buy  the breakout.   The trade may be evaluated — or criticized — as being a knee-jerk reaction to news.  Excessive […]

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