Tag Archives: bearflag

Nov12 trendline broken, a warning flag?

Posted on Feb 03, 2014 by .

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0203spx

 

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864

Today prices are breaking the nov 12 trendline, a potentially serious event.  There are other technical signs which may limit the damage — or at least make it calculable.  What we are seeing at 3 may be a bear flag.  If this is so then the target of prices following this scenario is 1707.  (initial analysis which may change.  Could be worse.)  Flags tend, in general, to terminate waves rather than initiate them, but as always there is no guarantee of anything but taxes.  Even death is being negotiated with.  (See Ted Williams.)

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Analysis to make your head ache — and a systems aspirin to take away the hurt

Posted on Feb 01, 2010 by .

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100201induNegative indications (as previously pointed out):  The downtrend line at the very top, the broken long term uptrend line  from March, the very length of the uptrend from March, the false breakout from the rectangle, the piercing of the support line at the bottom of the rectangle,  the possible interpretation of the present pattern as a flag, the violence of the present downwave…  All these elements would seem to argue for a continued downwave.

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