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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...
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UPDATE ON THE STOCK MARKET . Written Wednesday, July 30th, 2008: 6:30 am EST. Another ‘ fl as hy - sp la sh y ’ rally yesterday So typical of bear markets, especially those with much further in time and points to go. Grizzly bear markets thrive on investors’ hope and adamant investor...
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Richard Schwartz's PRINCIPLES OF THE STOCK MARKET A learning, teaching, always evolving stock market letter and advisory service Seventeenth Consecutive Year of Publication ; Letter #1; September 18 th , 1990 Post Office Box 1236 · New Paltz, New York 12561 - U.S. A. · (845) 255-6894...
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TECHNICAL VIEW . Summer R ally Ahead Or Not? Now is the time for all good men and women to watch the key stock market indices very closely! We have a possible bottom in place (if it is a bottom I have to believe it’s a temporary one). Yep, after basically falling out of bed for two months, from...
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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...
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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...
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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...
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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...
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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...
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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...