CandleWave – Action Suggestions for Monday, November 1, 2010 1. The Indexes The range of price action throughout the major stock indexes was very confined today. Now that the Elections and the Bernanke Announcement are near, it seems that traders are reluctant to make big commitments. The market is slowly losing strength. Momentum is down. ...…
CandleWave – Action Suggestions Touch-Up for Friday, October 29, 2010 1. The Indexes The market action today and over the past 10 or 12 trading days reminds me of a game of musical chairs, but the DJ is holding his thumb on the edge of a 33 1/3 RPM disc record so that the music ...…
CandleWave – Action Suggestions for Thursday, October 28, 2010 1. The Indexes There are times to sit and do nothing. Now is one of those times. Now is the time to think hard about cashing in your good fortune and safeguarding it; or, if you cannot bring yourself to sell stocks which have served you ...…
CandleWave – Action Suggestions Touch-Up for Wednesday, October 27, 2010 1. The Indexes The price structure looks shaky. The Dow Industrials closed Up 5.40 points and left a bearish “Hanging Man” pattern; the S&P 500 closed Up two-hundredths of a point and also left a Hanging Man behind; the NYSE Composite closed Down 15 points; ...…
CandleWave – Action Suggestions for Tuesday, October 26, 2010 The Indexes Today may have been the day the markets tipped. The Dow Industrials Index came within 10.37 points of surpassing its April High, and then backed down in strong Down sentiment during the final 30 minutes of trading, while leaving a bearish “Shooting Star” Candlestick reversal ...…
CandleWave – Action Suggestions Touch-Up for Friday, October 22, 2010 The Indexes It was a strange mixture today. The Dow Industrials made a new High and a new Closing High (by less than 3 points); the S&P 500 made a new High, closed 2 points higher, but did not make a new Closing High; The Transports ...…
CandleWave – Action Suggestions for Thursday, October 21, 2010 The Indexes The bounce that we mentioned last night arrived today, on schedule. So far, it hasn’t produced a new High. Today’s “minutes” charts are replete with bearish patterns, but by definition they represent very short-term predictions – not even a day in length. The market ...…
CandleWave – Action Suggestions Touch-Up Part II for Wednesday, October 20, 2010 The Indexes Today was an even more important day in the stock market (and in Gold, Silver, and the currencies as well) than the quite substantial falloffs suggest. Today was probably the day when a confluence of several “third waves” of varying “degrees” ...…
CandleWave – Action Suggestions Touch-Up for Wednesday, October 20, 2010 Hello! You should have in hand my short missive of an hour or so ago, to the effect that “the market cracked today.” If you’ve been following the Action Suggestions, you were already in position before today’s falloff. You should already have been effectively Short ...…
CandleWave – Newsletter – Sunday, October 17, 2010 The stock Indexes which we follow are probably near, or at, a High which will stand for years. The downturn can come at any time. Investors are still bound and determined to believe that the stock market is going to continue to rise; but I think they ...…