Monthly Archives: December 2005

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

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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

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tuesday noon

It looks like the NAZ/NDX completed a diagonal triangle (wave i) early this morning and sold off quickly right into support. This appears to coincide with a small completed impulse wave in the TRANsports. I’m expecting NDX 1271 and NAZ … Continue reading

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weekend update

LONG TERM: BULLISH. What started off as a negative week ended relatively unchanged. And, the main indices did reach an extreme oversold condition, similar to the late October low, and rallied higher. The TRANsports took off making all time new highs in … Continue reading

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thursday update

SHORT TERM: POSITIVE. After a quick review of all six indices we follow, we have the following comments: The TRANsports continue their assault at new all time highs, underpinning this market, they went virtually straight up again today tacking on another … Continue reading

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