Semi Climax
We still need a surge in breadth and price momentum to kick-start a sustained rally.-áWe are in the midst of a vicious bear market and estimating the ultimate low is not a game for the meek.
-á
Oversold, Risks Still High
At this point, after
three days of the market selling off, I am even less inclined to chase the
market lower. Since May, IGÇÖve talked repeatedly about large topping patterns in the
charts of the big caps, and how far these stocks could potentially fall
Nothing’s Easy
For daytraders, the correct play coming
into the Monday was to look for morning shorts, which was a rewarding strategy
No Surprise
Readers of my daily service were not surprised by
FridayGÇÖs rally, as I had warned of a possible exhaustion in selling pressure,
and advised daytraders to trade from the long side. NYSE down volume vs. up
My Perspective
I like to keep things simple, concise and within the context of the bigger patterns, i.e., classical
accumulation and distribution type patterns.
Bulls Hopeful, Picture Still Murky
ately IGÇÖve been pounding the table on the subject of “multi-month” topping patterns in the big-cap stocks. These are the stocks that have remained more or less intact in broa
Small Signs
YesterdayGÇÖs market action following the Worldcom blowup gave the bulls another small ray of hope GÇ” hope that the market may avoid a complete meltdown in the near future. Reversal action within the course of one day, where the market opens down hard but manages to close significantly higher from where it opened, especially on nea
Ratio Watch
One of the most important tools in the sector traderGÇÖs arsenal is the ratio between two different but related markets. This technique is commonly referred to as “relative strength analysis” and has nothing to do with the technical indicator known as “RSI” f
A Technique For Trapping Pullbacks
Trader Dan Chesler teaches you his strategy in which he uses indicators to
quickly zero in on short-term pullback patterns.
Open Your Envelopes
Last FridayGÇÖs reversal lows in the Nasdaq Composite? Broken. In the Dow Industrials? Also broken
Anxiety Deficit
Has this bear market scared the bejesus out of [enough of us] yet? Has it produced the kind of fear and panic
Monitoring DivergencesÂ
FridayGÇÖs reversal day has stirred the imaginations of the bullish crowd once again. I suppose anytime you face a market teetering on the brink of destruction (i.e., slicing through the September support lows), youGÇÖll get lots of people dissecting any brief rally for