http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=5&mn=0&dy=0&id=p38441387569&a=321281297 While absent-mindedly noodlying in Oct 12 it occurred to us to run a rule of seven analysis on the SPX. (http://www.edwards-magee.com/ggu/ruleofseven.pdf.) The market was about 1450 at…
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p79177025382&a=255869372 Screaming signals. Gold gaps and a power bar. Actually we don't think there is an explanation for this action. Peripatetic pundits natter on about inflation, Iraq, tea party…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=10&dy=0&id=p53999843979&a=214966864 We are told that the market has now traversed 42 days with out a move exceeding 1%. And, furthermore that 82 weeks have passed since the Dow touched…
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=2&mn=6&dy=0&id=p46848720526&a=234983962 We have been struggling with the gold chart for hours and hours trying to understand what we are seeing. We have been bearish on gold for some…
http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=7&dy=0&id=p59103334454&a=298224028 After five months of sideways markets prices broke out and are now accelerating. It appears that the present markets are being characterized by many flags. Here in the…
