The first pattern, on the left, derives from observations by ourselves. That is, in an uptrend a downwave, often violent and quick creates a downwave (dump, or sell-off) which is…
Gray-bearded traders will remember (if they haven't been overtaken Alzheimer's) Peggy Lee and her disillusioned song, Is That All There Is? Which sort of encapsulates our reaction to the 4…
F, GM and C -- among others look oversold. Of course they can go from being oversold to being really really oversold, but we bought a little of GM and…
This is not quite as extreme as it seems. It's an hourly chart, but it dramatizes the last two trading days. Extreme power bars -- daily moves of more than…
http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=225464222 Silver broke the dump-bump-dump pattern as indicated at the short down trend line. We cheated and bought the bottom based on the power bar (not recommended). Now, for what…
