In October 13 we presented the above chart ( http://www.edwards-magee.com/?p=4463) (link below next chart) which made a daring analysis based on the rule of seven. We didn't make a…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 If the above chart is to be believed the stalemate is broken. Exactly what happens now is in the hands of the market, but contrarians should at least…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 With Memorial day on us it is worth reminding readers of the horrors of World War I. After a series of indecisive battles (and the German failure to…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Forget the science part. There is none at present which is dependable. Technicians are running around crazily calculating RSIs and MACDs and computing cycles and "analogues" and throwing…
http://stockcharts.com/h-sc/ui?s=IWM&p=D&yr=1&mn=0&dy=0&id=p42567425598&a=350518198 The most superficial examination of the IWM reveals details with negative implications. A two month downtrend is obvious and prices are approaching the horizontal trendline. This trendline may…
