TECHNICAL VIEW . The Principle of Technical Analysis . I don’t want to jinx myself but I can’t keep quiet. Not after hearing the usual Wall Street mantra again this morning. That is, that no one can time the stock market so it’s always best to ride out its ups and downs. I mean this...
COMMODITY VIEW . Oil Rally Begins. Elliott Wave theory, originally produced by R. N. Elliott in the early 1900s, and now carried forward by Bob Prechter, past #1 market guru, basically says Elliott waves or complete market movements come in threes. Well, to more accurate, Elliott says movements really...
The Principle of Understanding History & The Principle of Technical Analysis . Written Tuesday, October 7th, 2008 OK, yesterday I heard one analyst, I believe it was Liz Ann Sounders, chief investment strategist for Charles Schwab say the recent sharp year-over-year (yoy) stock market decline is...
STRATEGY VIEW . This morning please let me warn a bit further about using inverse vehicles. Appropriate because yesterday’s big rally must have gotten everyone’s attention, longs and shorts alike, but especially those now using these shorting vehicles. And because I’ve been getting...
UPDATE ON THE STOCK MARKET . Witten Friday, June 20th, 2008: 6:30 a.m. Looked to me like yesterday’s stock market rally was a knee-jerk reaction to China announcing it was going to raise oil prices by 17%. Crude dove on the news while stocks jumped. But if one thinks it through, is China raising...
Written Tuesday, May 27th, 2008 THE STOCK MARKET Briefly, the stock market pulled back sharply last week. Obviously this pullback may be about over and may be just a normal “shake out” on the way to higher prices. While that could be true, it usually is during bull markets, another alternative...
UPDATE ON THE STOCK MARKET . Wednesday, February 27th, 2008 We’re back to three days up in row , hoping today proves to be another up day, the fourth in a sequence, triggering Trader Vic’s bullish 4-Day Rule . In spite of more bad economic data yesterday morning, like twice the expected producer price...
UPDATE ON THE STOCK MARKET . Tuesday, February 26th, 2008: Yesterday stocks were buoyed by further hopeful news about saving the vital AAA rating of the two big bond insurers, MBIA and Ambac . A report indicating such late Friday afternoon first helped reverse the stock market’s dismal downtrend towards...