Monthly Archives: April 2006

thursday update

SHORT TERM: Stocks rally and DOW makes a new print/closing high. Talk about a roller coaster day. One could speculate that the market was too complacent and needed a shakeout before the rally could resume. That one would have been right … Continue reading

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thursday morning

SHORT TERM: China raises their key lending rate 1/4%. Crazy morning! Overnight everything looked normal, the Asian markets were generally higher. After the close China’s NDRC (their FED) raised their key lending rate 1/4% to 5.85%, their first increase since 2004. … Continue reading

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wednesday update

SHORT TERM: New closing high in the DOW. The stock indices gapped up at the open hitting their best levels of the day at 10:30AM. After that it was pretty much a stairstep down into the EW support pivots. Then … Continue reading

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EW pivot points and the SPX bull market

If you have been following my blog for a while, you will surely agree, the various stock index levels identified by what I termed EW pivot points, have remarkably pinpointed nearly every single turn in this market since I started … Continue reading

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wednesday morning

SHORT TERM: durable goods up and new home sales up stronger than expected. Overnight the foreign markets rallied across the board, with Australia’s ASX making a new high. Europe came in better than 0.25% higher and we gapped up on … Continue reading

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