Technical Analysis of Stock Trends http://www.edwards-magee.com The Foundation Upon Which Technical Analysis is Built - WHC Bassetti Mon, 28 Sep 2020 22:14:53 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.9 More of the same… http://www.edwards-magee.com/2020/09/28/more-of-the-same-3/ http://www.edwards-magee.com/2020/09/28/more-of-the-same-3/#respond Mon, 28 Sep 2020 22:14:53 +0000 http://www.edwards-magee.com/?p=6898 http://schrts.co/fmrdVnnh   You could cover up the name of the issue but there is a plethora of charts with the pattern of AAPL as shown above — particularly amongst large stocks.  (AMZN, GOOG…)  There may be an argument that the behemoths have driven prices  upwards of late and this is the chickens coming home to […]

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]]> http://www.edwards-magee.com/2020/09/28/more-of-the-same-3/feed/ 0 http://www.edwards-magee.com/2020/09/03/6893/ http://www.edwards-magee.com/2020/09/03/6893/#respond Fri, 04 Sep 2020 00:53:52 +0000 http://www.edwards-magee.com/?p=6893 http://schrts.co/UwhPbmTA     http://schrts.co/xzrNkEzD Looking for a reason for the market to tank?  Here’s one: Investors cashed in their chips because they  expected “the Labor Day Shift.”  So to get ahead of it they punted early. There are probably several hundred other reasons — all of them equally invalid and none of them definitive, but […]

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]]> http://www.edwards-magee.com/2020/09/03/6893/feed/ 0 Helium markets… http://www.edwards-magee.com/2020/09/01/helium-markets/ http://www.edwards-magee.com/2020/09/01/helium-markets/#respond Tue, 01 Sep 2020 23:26:23 +0000 http://www.edwards-magee.com/?p=6882 http://schrts.co/wQypnjCe The attached charts express the state of the markets: melting up.  At the same time the commentariat is gnattering about the coming bear market.  If we kept records of these people (with a penalty of shooting for bad forecasting ) we would run out of ammunition.  It reminds one of the old zen axiom: […]

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]]> http://www.edwards-magee.com/2020/09/01/helium-markets/feed/ 0 Anti gravity enterprises… http://www.edwards-magee.com/2020/08/09/anti-gravity-enterprises/ http://www.edwards-magee.com/2020/08/09/anti-gravity-enterprises/#respond Mon, 10 Aug 2020 03:34:27 +0000 http://www.edwards-magee.com/?p=6869 http://schrts.co/HShHKBqZ Yes it’s true AAPL flaunts its price rise and rebukes disbelievers.  Like a lot of investors we dozed through some of this and had small  positions.  But we did have a position, even though laughably small.  We think the problem throughout this dreamlike market is the atmosphere.  What right has the market to rise […]

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]]> http://www.edwards-magee.com/2020/08/09/anti-gravity-enterprises/feed/ 0 Alice and market in Wonderland… http://www.edwards-magee.com/2020/07/27/alice-and-market-in-wonderland/ http://www.edwards-magee.com/2020/07/27/alice-and-market-in-wonderland/#respond Mon, 27 Jul 2020 20:52:06 +0000 http://www.edwards-magee.com/?p=6862 http://schrts.co/rhSBpReU In Wonderland, as Alice discovered, the normal laws (as gravity) do not work as they do on the outside.  This has resulted in a pandemic of pundits and a howling mob of talking heads eager to be the one who calls the market turn.  These mob scenes do nothing but muddy the waters.  In […]

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]]> http://www.edwards-magee.com/2020/07/27/alice-and-market-in-wonderland/feed/ 0 Can’t keep a good market down… http://www.edwards-magee.com/2020/07/07/cant-keep-a-good-market-down/ http://www.edwards-magee.com/2020/07/07/cant-keep-a-good-market-down/#respond Tue, 07 Jul 2020 20:18:38 +0000 http://www.edwards-magee.com/?p=6837 http://schrts.co/TqWyttEi Markets are not infrequently dificult to believe.  The present markets are beyond unbelieveable.  They seem to be violations of gravity if not of circumstances of the moment: a world wide plague, a civil rights insurrection in the US, Russian treachery in Afghanistan, Chinese attempts to subjugate their own citizens (complete with concentration camps) –this […]

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]]> http://www.edwards-magee.com/2020/07/07/cant-keep-a-good-market-down/feed/ 0 Island reversal http://www.edwards-magee.com/2020/06/18/island-reversal/ http://www.edwards-magee.com/2020/06/18/island-reversal/#respond Thu, 18 Jun 2020 20:35:04 +0000 http://www.edwards-magee.com/?p=6830 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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]]> http://www.edwards-magee.com/2020/06/18/island-reversal/feed/ 0 More whiplash… http://www.edwards-magee.com/2020/06/11/more-whiplash/ http://www.edwards-magee.com/2020/06/11/more-whiplash/#respond Thu, 11 Jun 2020 22:47:10 +0000 http://www.edwards-magee.com/?p=6823 http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p19066893205&a=769324151 Since its initial publication in the late ’90s the Edwards&Magee website had not experienced a down day or problem until the last month when technical problems tied us up for a week or so.  For these difficulties and inconveniences we offer our apologies.  We believe that  our technical problems are mostly resolved now. It […]

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]]> http://www.edwards-magee.com/2020/06/11/more-whiplash/feed/ 0 Investors in Wonderland… http://www.edwards-magee.com/2020/05/14/investors-in-wonderland/ http://www.edwards-magee.com/2020/05/14/investors-in-wonderland/#respond Fri, 15 May 2020 00:06:25 +0000 http://www.edwards-magee.com/?p=6815 http://schrts.co/XqzUDMcp There is a certain shape to most of the charts of the market.  Some individual charts show variations but withal market action has left behind similar tracks.  As follows: A long long upwave whicch terminated with one of the subtlest tops we have ever seen.  Followed by a Niagra falls and extremely violent conditions.  […]

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]]> http://www.edwards-magee.com/2020/05/14/investors-in-wonderland/feed/ 0 Rule of 7 to upside http://www.edwards-magee.com/2020/05/03/rule-of-7-to-upside/ http://www.edwards-magee.com/2020/05/03/rule-of-7-to-upside/#respond Mon, 04 May 2020 03:57:48 +0000 http://www.edwards-magee.com/?p=6805 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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