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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The market has fallen to a major support convergence at 1295 and is in a bottoming window time wise. That window stretches across the next two weeks. If the 1295 level breaks, ugly could get uglier. Here’s how much.
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Globe and MailFacebook IPO With ~10 Billion War Chest Could Just Buy Apple And GrowForbesThe Facebook IPO will deposit somewhere between six and 20 billion dollars into cash. Facebook could ignore all the naysayers (about how this IPO is the most fooli...
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A person is placed on suicide watch when he or she displays certain self-destructive patterns and behaviors. Likewise, a market is placed on crash watch when it displays certain destructive patterns and behaviors. As I'...
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A few signals are finally starting to reach oversold levels, but there's nothing to mark the extreme levels normally associated with more meaningful bottoms.
As I was looking at the charts earlier, particularly the down volume to up volum...
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Recently it seems that virtually everytime there's a choice between a bearish count and a bullish count, the bullish count wins. This was once again the case yesterday, as the bulls did what they needed to in order to knockout the bear coun...
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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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Off the lows,but could go either way here.....
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Indicator patterns in all time frames seem to be becoming increasingly ambiguous. However, with short term cycles due for up phases, if they fail to turn up that would suggest that the longer term cycles are weakening, consistent with the 10-12 month cycle topping out.
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Not a pretty picture......
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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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Rejected at the SPX 50 day,can the bulls recover?
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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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Bulls will not be denied,bears kicked in the face again and again....
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Bulls gonna bail before quarter end?
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Dow flirted with 13K today
Can it end the week above?
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The market did very little on Wednesday, which is actually a somewhat encouraging sign for bears. To some degree, one can gauge who's in control by simply looking at which price direction the market is stug...
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Are we there yet?
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Market recovered the early week losses with ease,nothing to see here......
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As I said yesterday: the market's not doing anyone any favors right now. After playing around with a number of indices, the short term waves can be counted pretty much however you want. The market is in something of a no-man's land right no...
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SPX finally broke the 2011 highs, which is a huge monkey off my back, since I've been insisting that it would ever since the Dow broke its 2011 highs back on Feb. 7. Now we'll see if SPX has any interest in the double Fib zone...
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The bulge in tax withholding has ended and so has the brief semi-vacation from huge Treasury supply. That will make conditions a little tougher on the Treasury bulls. Also making it tougher will be the likelihood of a normal cyclical downturn in foreign central bank buying due over the next few weeks. A recent...
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A contributor on my website called my attention to the fact that some readers "hear what they want to hear" when they read my articles. I do tend to be verbose sometimes when I get going, so maybe some of the key concepts are getti...
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SPX cash opened weak, falling through the 5 day cycle centerline at 1342, signialing the onset of a down phase in that cycle. The 8 day cycle centerline is at 1338. If that area breaks, the market could trend weaker for the better part of this week. If it holds, then the bulls will...
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Bears fried,bulls sucking wind....
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Could be an historic turn at these levels,but until the SPX cracks 1285-1290 I will guess bulls are still in control.
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"Everybody knows that the dice are loaded, everybody rolls with their fingers crossed.
Everybody knows the war is over, everybody knows the good guys lost.
Everybody knows the fight was fixed, the poor stay poor and the rich get rich.
That's how it g...
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SPX Update: Key Overlap at 1292 Leaves the Bulls Feeling "Facebooked"
Before I get into the update: Please be aware that the real-time intraday and after-hours trading discussion section has moved. We're in the process of transitioning to a new board, and while it's still a work in progress (I started ...
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