weekend update
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REVIEW A consolidation week for the major US indices, as the SPX traded in
another narrow range: 1355-1378, but made another new uptrend high. For the
week...
Market Internals Not Confirming Rally
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This could end up being a significant tell that this rally is going to end
badly. You can see that we’re hitting new multi-year highs on the Nasdaq,
but th...
Elliott Wave Update ~ 2 March 2012
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We are one week from the 3 year anniversary of the March 9th 2009 stock
market low of 666 SPX.
The Wilshire weekly sports a red Doji candle. Slow stochs ...
The 2/29 High and the 120 Year Mega Crash wave
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*In my 2/26 Master Cycle (MC) update I posted: ** "The updated Master
Cycle2 (MC2), since the 12/19/11 Lows projected a 68 Calendar Day rally
into 2/25 Hig...
A Message from the Dow Transports
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The Dow Transportation Index has been underperforming the S&P 500 for the
entire month of February. That alone didn’t concern me because of the
overall [...]
Updating the SP 500 and Sigma Bands for March
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I’ve posted previously about how price has a tendency to ride between
“Sigma Bands” or Standard Deviation Bands for extended periods of time, and
that’s wh...
Friday Plan
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Morning All,
Well I'm pleased I covered something! Excuse me if I sound a bit cynical
this morning but I just fancy a good old fashioned rant. Yesterday wa...
Mar 1
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Here is my current EW count for anybody that cares.
Before looking at it, let me be very clear: *I am *NOT* calling the top of
this wave*. There is absolut...
Update February 23rd, 2012
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On February 15th, with the $SPX at 1343, I declared that the market had put
in a top. Then on the 16th, after a strong rally to 1358, I began to back
peddl...
The ECB: The Road Not Taken
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*I shall be telling this with a sigh
Somewhere ages and ages hence:
Two roads diverged in a wood, and I,
I took the one less traveled by,
And that has made a...
Trading Notes #14
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Due to a tight schedule I will not be blogging for the next few weeks.
Just wanted to add this great trading reflection,
*It is difficult to tolerate even ...
Issue 087 - How To Weeee'd A Chart - Part 3
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Okay, so we sorted out what momentum is and how it is generated. Those
are part of the basics of momentum. And the key thing about volume is the
type of ...