http://stockcharts.com/h-sc/ui?s=IWM&p=D&yr=1&mn=0&dy=0&id=p42567425598&a=350518198 The most superficial examination of the IWM reveals details with negative implications. A two month downtrend is obvious and prices are approaching the horizontal trendline. This trendline may…
This chart is deliberately not annotated. The reason is to call attention to the formation since Oct. 3. It looks suspiciously like a flag. To remind you, a flag appears…
After looking at these issues last letter and seeing some cracked and broken trendlines curisoity drove us to look at the 5 year charts. What we got out of that…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p35413284069&a=207879904&listNum=2 Yesterday's market was a sidewinder, ready to sink it's fangs into anyone taking a position. Today it struck -- and bit the shorts, the double dippers, the heads and…
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p39697041562&a=203282119 We took another look at the Qs and decided we didn't like our shorts there and so closed them. On reanalysis the trendline was not sufficiently penetrated. We also…
