Yesterday the market formed a bearish reversal bar: it gapped higher at the open, but closed solidly in the red. These types of bars sometimes indicate buying exhaustion.
The market is now as overbought as I’ve seen it, and if this is still a be…
In a perfect world, the completion to the Minor (2) rally would mark a new high which exceeds the October top. My preferred count of an ending diagonal suggests that perhaps the session today or tomorrow will finally complete that top.
Sinc…
If you knew with pretty good certainty that the market was within a few percentage points of a long-term top, how would you behave? Would you warn your friends and family? I would… and have.
Could I be wrong about what’s…
As I’ve examined the charts tonight, I’ve been looking for reasons why the big nasty third wave decline isn’t starting. I’m not finding too many. Most of the individual stock charts I’ve looked at are in bad shape. The one confus…
While the market has been hitting all my projections perfectly, every night I look at the charts lately seems harder than the night before. There are a lot of possibilities on the table right now, and because it’s been range-…
