Tag Archives: jan13

Coming soon to an uptrend near you…

Posted on Jan 26, 2013 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864 The present upwave (SPX) now amounts to 7.52% and 18 days.  Party getting old.  Any minute they will turn out the lights and take back some of the profits.  If we were trading this we would be watching extremely short term data — maybe hourly or half hourly bars, where the profit taking and […]

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The poisoned apple…

Posted on Jan 24, 2013 by .

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http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&mn=6&dy=0&id=p69617565544&a=256938322 We have often commented on Apple, and have done literally dozens of studies on the stock.  Dozens.  We have so many Apple computers and phones and software we can’t count them all.  And strangely, we have never bought the stock. But we are certainly sympathetic to the company — and the stock.  We wrote […]

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Buckle seat belts… flagged down — or up –or….

Posted on Jan 22, 2013 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864   Well, maybe it was a flag.  It’s acting more like it now.  You know — for a flag you have to have a flag pole.  that usually means a lower section, the flag itself, which ought to drift lower and the upper section, which ought to be proportional and similar to the lower […]

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Waiting for Godot or, Barbarians at the Gate…

Posted on Jan 16, 2013 by .

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http://stockcharts.com/h-sc/ui?s=IWM&p=D&yr=3&mn=0&dy=0&id=p18832448732&a=229975465   IWM looks to us like a promising chart.  It has just broken out from what could be a significant base. It, like everything else, is waiting to see if the House of Representatives is going to play chicken at the debt ceiling cliff (like James Dean, rebels just because… because what we don’t […]

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Strange charts…

Posted on Jan 10, 2013 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864 Actually, nothing strange about this chart, except that it  pictures a rocket lift off, 64 points in two days — 90% updays.  As we often take extreme powerbars like these to be signals the bullish tint of the market is reinforced.  And the sideways drift since?  Never prediagnose a pattern the master said….but… If […]

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