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,…
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. …
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…
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 …
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 …
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…
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…
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…
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…
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…
