Posted in Uncategorized on Nov 21st, 2009
Stock indexes tried to push to a new recent high early in the week, but mostly feel back on Thursday and Friday. The last three impulses up have been quite evenly space and symmetrical, as can be seen on the chart to the left. The blue lines over the prices are the Ehler’s Mesa Adaptive [...]
Posted in Uncategorized on Jul 29th, 2009
A couple of posts ago I warned of the impending failure of the much advertised bearish head and shoulders pattern on the daily S&P chart. The neckline was broken, but the market rebounded quickly and started a large rally. I pointed out that the pattern was too obvious.
However, there is a much less advertised bullish [...]
Posted in Uncategorized on Jul 20th, 2009
I’ve been taking some time off the blog this summer. But I wanted to make a quick comment on that much advertised head and shoulders top on the S&P that got so much attention recently. It was a classic case of not having an edge trading on what everyone can see. I pointed this out [...]
Posted in Uncategorized on Jun 17th, 2009
I’ve been gone a few weeks on a trip to Europe. Instead of the usual chart, I have a photo taken in Santorini, Greece. I won’t bore you with many vacation photos, but I haven’t refocused on the market yet. I tried to stay away from the news as much as possible, as I didn’t [...]
Posted in Uncategorized on May 19th, 2009
I need a trading break for a couple of weeks. I will return to posting soon. I may not be able to answer emails promptly, but I will answer them. Trade carefully.