Technical Analysis
89 year old Joe Granville predicts 4000pts Dow fall in 2 weeks
This is probably the most bearish call I heard in a long time. For someone that experience to go against the market I hope he is right because he sees this rally ending soon and we may get to validate his call very soon
Long Term Market Analysis: Which way in 2012?
Drizzt: long term market analysis is a series once or twice a month where we take a look at longer term trends in the market to get our bearings right on the general direction of where market prices is going. We are at the tail end of 2011 and we ended up flat on the [...]
QQQ:Which Direction Then?
[from Fireside Charts] Seems to me downside more likely.
S&P 500 and STI
Big move. Santa Claus rally? MACD looks favorable but lets see if we get above 1250. In contrast nothing favorable in the STI. You might gain something good from the good sentiments of the US market which is likely to take us above 2720.
For all price patterns there are always failures
In yesterday’s post, I highlighted how current price action looks eerily similar to 2008. Today I would like to produce a nice post by Michael Harris that emphasis the fact that if it looks similar, it may not always end up doing the same thing. From a practical perspective, after the 2008 pattern there was [...]
