TECHNICAL VIEW . Written Wednesday, May 14, 2008: I may have been seeing clouds in the sky when there weren’t any. The near term bearish Rising Wedges in a bunch of market indices I wrote about last Thursday don’t seem to have really followed through. Stock prices did fall back last Friday...
THE STOCK MARKET Written Monday, May 5th, 2008: Weekly Overview. We’ve been up for three straight weeks now. At least for the large cap indices, the Dow Industrials , the S&P 500 and the Nasdaq Composite . You know those US-headquartered but multinational companies doing lots of business overseas...
TECHNICAL VIEW . April 29th, 2008: The Dow Industrials bullishly pushed up and out of its 3-month trading range on Friday, April 18 th joining the Dow Transports to the upside. Bullish. A number of other key indices, like the Nasdaq Composite did so as well. Thus my interpretation now is that we have...
TECHNICAL VIEW . Wednesday, April 23rd, 2008 There’s still a bit of doubt whether we’ve now broken out of the wide and volatile trading range we’ve been in every since late January to the upside. And whether it will stick. At least in my mind. My reasoning for you chart lovers out there is that since...
Thursday , April 3 rd , 2008: 6:30 am: Got Lucy to play 9 holes last Sunday. Cajoled her by saying she’d get a tan, flatten her stomach with golf then a swim, that she hit some great 8 iron bump & runs last fall, I’d pay, and she could brag on Monday. She went for it & played well. What got to...
TECHNICAL VIEW . Investor’s Business Daily (IBD) has put the bull back in the box, yesterday the S&P Mid Cap index became the first index to post a higher high, after posting a higher low, and stocks stopped going down five weeks ago. Plus, as I wrote above, we’re on the verge of the bullish 4-Day...
I’d like to see a higher high occur in most/any EUROPEAN stock market indices during this two to three week rally. Most European indices followed the US, that is stopped going down, bounced a touch, put in a higher low and were working on posting a higher high. I thought Germany’s DAX might post a higher...