The very short-term charts are still a mess. Some personalities feel that an analyst should be able to have a strong opinion on the market at all times — unfortunately, out here in the real world, that’s simply not realistic…
I’ve been trying to reconcile the counts across market, and may have found a solution tonight. Each market gives a bit different appearance, and readers know I’ve referred back to RUT several times, which argues that the next low (assuming …
As I’m certain some of you read in the comments section, there was a death in my family yesterday, so I’m going to need to keep a bit lighter schedule through the remainder of the week. My thanks to those of you who have expressed …
Yesterday’s alternate count came to pass, and hopefully readers heeded my warning regarding the red trendline and protected profits. There are certain things I take for granted as “common knowledge” and I sometimes fail to expand upon certain sta…
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 …
Yesterday performed perfectly in accordance with the expectations of the preferred count, which needed the market to show some upwards momentum. That’s exactly what we got, and it’s always tempting to be lulled into a sense of complacency when th…
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…
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…
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 …
I did a lot of work on charts tonight, but I’m going to keep the update short, sweet, and simple.
Yesterday’s market traded right into the target zone. I now believe there is a turn coming either today or Monday. I suspect t…
