A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Yesterday was another victory for bears, and the market is now in a price zone that crosses numerous long-term support levels. It's also sufficiently oversold that it's advisable to watch for a potential bounce.&nbs...
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Bears are roaring backCNNMoneyBy Hibah Yousuf @CNNMoneyInvest May 14, 2012: 5:15 AM ET Short interest on the New York Stock Exchange hit 13.1 billion shares at the end of April, a 4% jump from the previous month and the highest level of the year. NEW Y...
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Bears have no chance fighting this endless rigged game,or you might want to fade this post.....
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Today could be a key day toward gaining more confidence in one of the two main counts, because -- as those of you who own digital watches already know -- today is the first of May. The first of any month is frequently bullish,...
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No one can deny that many indicators look bullish right now. The bears are rapidly running out of real estate, and the Dow in particular is within a stone's throw of making new highs.
However, the burden of proof is now on the bulls. ...
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Yesterday's count expected further upside, which is what the market provided. At this stage, there's just not much to add. This remains one of the more challenging structures I've had to decipher in some time, but if the expanded ...
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The market extended its little tear on Thursday and looks good for at least a test of the highs, with an initial projection of 1413 on the 4 week cycle. The 6-7 week cycle is now also clearly in an up phase. A 6 month cycle upturn is overdue but there’s no confirmation yet...
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Off the lows,but could go either way here.....
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AAPL obliterates bears with a 38 point intraday ramp....
All charts sticksaved in a few short hours.
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Tuesday held no surprises as the market did a ramp and camp, which fits the terms of the technical bounce discussed yesterday.
Toward the close, I wrestled a bit with the wave structure, but in the end decided it appeared a little ...
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10-12 month cycle indicators have now edged to the sell side, portending a down phase lasting 4 to 6 months. It’s too early to estimate the shape of the down phase, but there will be clues over the next few days.
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On Sunday, we played devil's advocate a bit and tried to tear down the preferred count. We'll continue watching the alternate possibility presented there, but we're going to focus on the preferred count until the market suggests we shouldn't.
Th...
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Who remembers Sniglets from HBO's series, Not Necessarily the News? Sniglets are words that should be in the dictionary, but aren't. One that sticks with me from my youth, and which comes to mind now, is:
Pielibrium - n. The...
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Bears fired a warning shot on Wednesday. It’s probably not the end, but probably is the beginning of the end of this uptrend. The market seems to have at least entered a 10-12 month cycle top phase. Here’s what that portends.
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Early last week, the structure of the waves suddenly looked quite bullish -- however the market has, so far, failed to follow through, which is causing me to re-examine this outlook.
Normally, one can determine the next higher degree ...
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Bears blown out in a record setting quarter....
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Friday provided a new low, but it wasn't really the "type" of new low I was looking for -- it was too shallow. So there are still several options open. As I stated on March 16, when I suggested a turn was coming, the bigger question is...
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Cycle conditions were as conducive to a downturn last week as we may see for a while. This week could be the second and last chance for bears to win one.
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Are we there yet?
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Yesterday, it appeared reasonably likely that a little more upside would occur on Monday, and that did happen, although the market exceeded my ideal top-end range by a couple points. What can I say: it's not an exact science.
Go...
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We're going to move through this article starting with the short-term and ending with the long-term.
Friday performed exactly as expected, "choppy sideways with a slight upward bias." The second part of that prognostication projected at least a ...
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I hate "lazy" charting, and I think it's important to constantly challenge one's assumptions. During yesterday's session, I began considering the possibility that my initial labeling of the smallish correction back on March 12 as a 4th wave&...
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Yesterday was the type of day technicians dread, because literally nothing happened. What possible new insights could anyone have after a day like yesterday?
So I've decided we're going to play a game called Quien Es Mas Macho? Sorry, bad ...
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There are a number of conflicting signals and potentials, and trying to assimilate all of them into an overarching market plan is a bit challenging at the moment.
On Friday, just about everything across markets was up: equities, the Dollar,...
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SPX, NASCRACK, RUT, and USD Updates: This Rally Was No Surprise…
A quick reminder: if you haven't met the requirements for registration at the new forum, your account will, unfortunately (or maybe fortunately, lol) not be approved. Please read this thread carefully when registering. ...
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