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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Several technical indicators have reached levels consistent with intermediate lows, but key support levels have been broken, and despite some signs of being oversold, the market remains vulnerable to further declines, both over the short run and the longer term as well. The market averages have broken down from an important top, and some...
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In one of the more bizarre displays of behavior I have seen in 45 years of observing the market, the short term indicators have been running dead flat at the neutral line. Apparently the market has reached a state of perfect equilibrium and absolute stasis. JP Morgan has arisen from his grave to pronounce,...
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A pullback is due or overdue in a couple of cycles and there were some hints on Friday that it could be starting. But there was no sign of anything more than a minor pullback or consolidation, and in fact longer term indicators continue to tick to the buy side one by one. Bears...
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Long term indicators strengthened as the market broke through a key resistance level on Tuesday, headed for an even bigger test at 1300. This report examines the likelihood of another breakout.
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09/02/2011
Bear Market Rules Apply
by Carl Swenlin
It is a concept that we stress on a periodic basis, and we got another illustration this week. Technical indicators must be interpreted within the context of the overall market trend.
(This is an ex...
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The market appears set for a rally, mostly on the basis of the short term indicators, as we head into the last month of QE2.
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The market continued to try to chew through massive overhead supply, with short term indicators mixed and 13 week cycle indicators still in positive structures. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the...
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Short term indicators are signaling a down phase, but early indications suggest it will go sideways as the 6 month cycle remains in a weak up phase. The centered moving average projection on the 13 week cycle continues to rise. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the...
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Intermediate indicators continue to strengthen, but the 13 week cycle time frame is extended. Short term indicators on the individual sector charts suggest almost across the board that a short term top is imminent. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty...
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The market got knocked down yesterday. Short term indicators are beginning to roll over, a 13 week cycle down phase is still in force, and it looks like the 6 month cycle is getting ready to roll over. Not quite the perfect storm yet, but it’s getting close. There may be one more concurrent...
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The evidence of an incipient 6 month and 10-12 month cycle turn is growing. But long term indicators do not support the idea of a major bottom. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t...
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