Thursday, June 26 th , 2008: Written 6:30 a.m. EST Going to find our “way to San Jose ” next week, on vacation, so I’m been auditioning books for the plane rides. One coming along is Hamish McRae’s THE WORLD IN 2020 . I previewed it and got caught up by his writing, the history...
Written Thursday, May 8th, 2008 TECHNICAL VIEW . Rising Wedges Run Out of Steam! We’ve formed Rising Wedge chart patterns in a number of key market averages, most easily seen in the Dow Industrials , the Nasdaq Composite and the S&P 400 Midcap averages. These chart patterns form on diminishing...
Big Days Parsed. These big up days occurring during longer term market declines, i.e. bear markets, can start off fast or slow, on good news or bad, but then they gain ground as they day goes on. The situation is they come after substantial legs down in stock market prices and after traders have piled...
I’ve been talking about two possible stock market paths. Either a stock market stuck in a wide, 10% trading range (wide trading ranges are more indicative of a forming top than a consolidation on the way up). Or a break below the August lows and thus a resumption of the market decline which really began...