Measured move…

http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=4&mn=0&dy=0&id=p95004260755&a=268628424   Our esteemed colleague Jack Schannep (thedowtheory.com) has reminded us of an old technical analysis method -- that of taking a wave finished by an (effective) bear market, measuring…

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Irrational numbers, if not exuberance…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864 SPX surges over 1500.  We make wild analyses.  See next chart. http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=4&mn=0&dy=0&id=p62721365281&a=239474697 We have from time to time mentioned the rule of seven.  (edwards-magee.com/files/ruleofseven.pdf)  We ran a quick analysis…

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Coming soon to an uptrend near you…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864 The present upwave (SPX) now amounts to 7.52% and 18 days.  Party getting old.  Any minute they will turn out the lights and take back some of the profits. …

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The poisoned apple…

http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&mn=6&dy=0&id=p69617565544&a=256938322 We have often commented on Apple, and have done literally dozens of studies on the stock.  Dozens.  We have so many Apple computers and phones and software we can't…

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