Monthly Archives: November 2005

We’re deviating from our usual format today to answer a question from one of our readers:  Hi Tony:I have been reading your column on this blog for about a couple of weeks. I have been following a lot of theories … Continue reading →

SHORT TERM: POSITIVE Today looked like a continuation of yesterday, with some subtle differences. Yesterday, the market rallied in the pre-market, and was sold off immediately on the open, closing near the lows: a 1% down day. Today, a pre-market rally carried … Continue reading →

SHORT TERM: POSITIVE I did some buying today. The markets finally took a breather, as selling came in at the open and continued into the close. All in all, down about 1% and down 1.5% from the recent highs. All within the … Continue reading →

I came into Thanksgiving with a little bit of scepticism short term on the markets. I had noticed that not only the short term momentum oscillators were overbought, but also the intermediate term ones as well. So I’ve spent the … Continue reading →

Hope you all are enjoying the holiday. I see some short term developments unfolding in the markets. They do not effect the intermediate/long term trend, which is still very positive. However, we are getting overbought in most of the indices on … Continue reading →

SHORT TERM: positive For the very first time since this intermediate term trend began, the general market defied the weakness in the NDX and continued higher, pulling the NDX up with it. This is a very strong impulse wave. This … Continue reading →

SHORT TERM: NEUTRAL After a pullback of sorts midday monday, the general market NAZ/SPX/DOW posted new highs, but again the NDX lagged. The futures are down a bit this morning, so maybe now we’ll see that short term pullback, wave 4, before … Continue reading →

SHORT TERM: NEUTRAL. The new high in the SPX we anticipated just occurred. The DOW is still about eight points shy, but with continued weakness in the NDX/NAZ I’d expect a short term pullback here, for a day or so. Then, … Continue reading →

Shall we call this capitulation weekend? All four major indices closed above their July/Aug tops on friday, in fact, they gapped above them and stayed there. We now have the NDX/NAZ/SPX all in uncharted, bull market territory. The one laggard is … Continue reading →

SHORT TERM: positive. This is certainly a Nasdaq bull market! Just as we have stated from the very beginning. And, the last few days action are certainly the epitome of this statement.   The NAZ puts in a high on fri/mon: then goes sideways … Continue reading →