Monthly Archives: December 2005

some interesting notes on wedges/triangles

I’ve been reviewing the history of the markets, as a refresher, to properly evaluate the current market, and I’ve noticed some interesting historical relationships. The first chart I’m posting is the DOWbullmkt…: our current chart in the DOW. The second chart … Continue reading

Posted in Uncategorized | 2 Comments

friday update

Well there we have it: intermediate term reversals in all four indices. Naturally I’m disappointed with the extent of this advance, it was obviously not a third wave, but another wave one. Will be evaluating short, intermediate and long term … Continue reading

Posted in Uncategorized | 1 Comment

thursday update

SHORT TERM: NEUTRAL Needless to say we’re not impressed with todays action. Again buying at the open met with immediate selling, and a midday bounce met with last hour selling. The weakness was all the NAZ/NDX, while the DOW/SPX held … Continue reading

Posted in Uncategorized | 1 Comment

thursday morning

SHORT TERM: NEUTRAL We took a good look at all four indices, the MMI, and the price trends, and we’re not liking what we’re seeing. Short term, we were fairly oversold two days ago and have not rallied. Intermediate term, … Continue reading

Posted in Uncategorized

wednesday update

SHORT TERM: POSITIVE Today was another gap up, sell the opening day, the fifth in a row: see NAZ 122805. We rallied on the open, sold off to new lows for the move, forming a perfect flat for the SPX/DOW, … Continue reading

Posted in Uncategorized

wednesday midday

I’m looking at the SPX 15 minute chart and see a perfect ‘flat’. Both waves ‘a’ and ‘c’ have reached an extreme short term oversold condition. The ‘b’ wave appears to be an overshot diagonal triangle, which led to the … Continue reading

Posted in Uncategorized | 1 Comment

tuesday update

SHORT TERM: POSITIVE Bah humbug! Bonds were up big today again, Crude oil down some more, stocks gap up at the open, (which they have been doing nearly everyday), and then are sold off all day. No, it doesn’t make any … Continue reading

Posted in Uncategorized