http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864 Don't celebrate yet. Breakouts are always subject to confirmation. But this certainly looks like the real thing, and we added on to our longs, taking the first of several…
As opposed to the market which has been dozing peacefully for two or three weeks, the commentariat (especially at marketwatch) has been baying at the moon like bloodhounds on…
http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=4&mn=0&dy=0&id=p95004260755&a=268628424 Our esteemed colleague Jack Schannep (thedowtheory.com) has reminded us of an old technical analysis method -- that of taking a wave finished by an (effective) bear market, measuring…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864 SPX surges over 1500. We make wild analyses. See next chart. http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=4&mn=0&dy=0&id=p62721365281&a=239474697 We have from time to time mentioned the rule of seven. (edwards-magee.com/files/ruleofseven.pdf) We ran a quick analysis…
Friday the PnF charts displayed new (bearish) patterns. We don't make our decisions based on PnF charts but we watch them out of the corner of our eye. The method…
