CandleWave – Action Suggestions for Monday, August 30, 2010 The Indexes On Thursday evening (looking ahead to Friday) we said that “a corrective bounce could occur at any time.” “Any time” happened to be Friday. My Indicators are saying that there is sufficient unrelieved upward pressure on prices to drive them a little higher on ...…
CandleWave – Action Suggestions Touch-Up for Friday, August 27, 2010 The Indexes “May the Force be with you.” All of the stock Indexes which we follow declined today. Even though the market is somewhat oversold and a corrective bounce could occur at any time, the bearish force which is impelling the market is strong enough to push ...…
CandleWave – Action Suggestions for Thursday, August 26, 2010 The Indexes All of the stock Indexes which we follow declined today. Our Indicators are telling us that there is a good probability that a countertrend bounce will begin soon, possibly as early as Thursday. It should not carry the Dow Industrials, for example, higher than ...…
CandleWave – Action Suggestions for Tuesday, August 24, 2010 The Indexes All of the stock Indexes which we watch closed lower today. The probability is that they will continue Down now, toward the Lows of early July. In the event that they take a bit of a North-side excursion now, the outlook would not change but it ...…
CandleWave – Action Suggestions for Monday, August 23, 2010 The Indexes As recited in our Special Notice during the trading day yesterday, the trend in the stock market is now firmly Down. Tuesday’s bounce reached just above the 50% retracement level of the Dow’s previous decline, and was rejected downward. Wednesday’s attempt amounted to nothing, ...…
CandleWave – Action Suggestions Touch-Up for Wednesday, August 25, 2010 A. The Indexes All of the stock Indexes which we follow lost ground today. The Dow Industrials, for their part, fell 134 points. The S&P 600 SmallCaps Index broke through its July 6 Low, the first of the Indexes to do so. It is now 19% below its ...…
CandleWave – Action Suggestions Touch-Up for Friday, August 20, 2010 The Indexes The Dow Industrials came within 7 points of pushing down through its Low of last Monday; the S&P 500 was about a single point away. The Transports were about 8 points away. The S&P 100 did break through. All of the Indexes closed ...…
CandleWave – Action Suggestions for Monday, August 16, 2010 The Indexes This week just now ending was an “Outside Down Week” (in both Western and in Candlestick terms) in the Dow Industrials, the S&P 500 and 100, and the Transports, and “bearishly engulfing” as well (2 previous Real Bodies were engulfed, except in the NASDAQ ...…
CandleWave – Action Suggestions for Tuesday, August 17, 2010 A. The Indexes Today’s price action didn’t amount to much. The Dow Industrials lost a point; the S&P 500 and 100 gained less than a point; and the Russell 2000 gained 5.61 points. What seems to be happening is that the Indexes are coming around the bottom of ...…
CandleWave – Newsletter – Sunday, August 8, 2010 The Dow Industrials Index and the S&P 500 and 100, together with the transports, probably are just a few days away, perhaps just hours away, from a final sprint to the top of their respective mini-rallies from July 2. After that, we can expect a strong downturn ...…