Looks like a B wave…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 As we opined Friday, it appearss that power bar was the start of the b wave. Today appears to be a confirmation of that. It is not impossible…
Technical Analysis of Stock Trends
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 As we opined Friday, it appearss that power bar was the start of the b wave. Today appears to be a confirmation of that. It is not impossible…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Frequently it falls to us to explain what it all means -- usually a role we can fulfill,, as we just interpret the chart. What Friday means is…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 One of our alert readers examined our nov12 trendline and pointed out that the line was penetrated. This is the kind of reader we all need. So we…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Since there is not much you can do when your opponent has you in a headlock and is hammering you we tried to figure out how bad it…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 The feb trendline and the apr trendline are well broken and we are seeing the consequence of that. What we are not seeing yet is the impact of…