Tag: Head and Shoulders reversal
As long term readers will know, I use MSM articles and especially headlines not to glean some pearls of wisdom, but to run the thermometer over their general tone. If a large majority are bullish, I take note – and vice versa. Experience and history
By now, the whole world is aware of the ten-year anniversary of the last financial crisis that most investors have forgotten already. And just to remind us, that most mainstream medium – the BBC – are trailing a major radio series on the whys and
Last week, the Dow declined by 1,600 points in just four days. That was not quite the record of 2,400 points weekly decline earlier in February, but it was in the same direction – down. I hope that gives a clue which direction the stock
I continue to be amazed at the lack of understanding out there on how markets really work – and this is among professional money managers who should know better. I wrote to my VIP Traders Club members this morning with this quote from AEP in
Over the years, I have noted that ‘surprise’ price thrusts often occur on Fridays. During the week, the market is relatively quiet which lulls traders into a state of lethargy. And on Friday many professional traders are glad to escape the boredom and leave their
I rarely read about someone in the MSM who embraces the notion that we humans do not base our decisions on rationality, but on emotion. Of course, this destroys in one fell swoop the basis on which economic theory as taught in universities! The latter
Wednesday’s Fed rate hike and Thursday’s ECB hand-sitting produced some seemingly perverse moves in the dollar. The immediate action in the euro on Wednesday was to rally, despite the increased interest rate differential in the US’s favour. Odd. Then on Thursday, Draghi did what he
Like Lazarus, DB shares are rising from the dead. In my 1 October post “Banks are in the headlines – again“, I used my trusty Headline Indicator (HI) to pinpoint a highly likely turn in the bear trend for Deutsche Bank (DB) shares. This is
In many areas of life, it seems humankind is on the cusp of some major changes. In the markets, it appears inevitable that sometime in the not-too-distant future, the mania for assets of all kind will burn out and stocks in particular will enter a
I have been commenting on the numerous headwinds that US stocks are facing over the months – and in recent days, they have become stronger. There are many compelling reasons to believe stocks are over-valued with the P/E on the S&P 500 at 24x –
I am now working with Elliott Wave International to bring you their leading research that I hope will make you better traders, as it has done for me. I have been following Bob Prechter for a few decades (!) and cannot recommend their work highly
