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The progression of major up-and-down price movements in the Dow Industrials following the High of 2000 has been the same as that which followed the High of 1929 – except that, this time, the amplitude of the waves has been much greater, and the length of time expended in their development has been much greater, [...]  The Dow Industrials Index embarked upon what should be its final “power wave” on March 17, 2011. The Index surpassed its February 18 High (although the S&P 500 has not). After the first three days of a spirited rise, the Dow’s upward momentum began to tail off. The diminution of momentum has now progressed to [...] The bullish confirmation signal of a week ago has been re-confirmed today by prices advancing to a new High. There is no longer any doubt that the tall white candle was just an aberration, that it was simply a bump in a long downtrend. We now have “Wave 1 Up,” “Wave 2 Down,” and the [...] CandleWave and Hawkeye Traders Present Trading From Start to Finish – THIS EVENING! This is a Repeat Announcement of a Series of FREE audience-participatory Webinars which are being presented every week on Wednesday evenings through the end of May, from 8:00 PM to 9:00 PM Eastern Daylight Time. THE NEXT WEBINAR [...] Las Vegas is Welcomed at the Door of Pension Fund Management. “Make It All Back by Doubling Down.” Right. Make a photocopy of your next pension check. Then frame it, put it in a safe place, and be ready to retrieve it and hang it on the wall as a memento of days gone by. [...] I have a major problem with the Geithner bail-out proposal: No one seems to be looking out for the interest of the citizen taxpayer. As Professor Stiglitz pointed out so tellingly yesterday in his Op-Ed piece in the New York Times, the Geithner plan will work only if the taxpayer takes a huge shellacking. That [...] Japanese Candlestick “Shooting Star” Pattern Warns of Possible Price Selloff Of all of the Candlestick reversal patterns, the “Shooting Star” is regarded as one of the most potent and most reliable. We have a perfect example of the Shooting Star in Crude Oil yesterday, March 9. One could hardly wish ever to see a better [...] A Perfect Japanese Candlestick “Shooting Star” in Crude Oil Today – Let’s See Whether It Works There are several price patterns in Japanese Candlestick theology which are considered to be quite reliable. Among them is the “Shooting Star” pattern, in which the total price action of the particular time period lies well above the price [...] Did The Candlesticks Tell Us Today That There Is Light At The End Of The Tunnel? The investing world has watched in horrified fascination, week after week, as the stock indexes have continued down a slippery slope all the way down to 6627 on the Dow Industrials. With only the briefest of respites, the trend [...] One major difference between Steaks and Stocks When the price of Steaks increases, the demand for Steaks declines. When the price of Steaks declines, the demand for Steaks increases. So, the lower the price of a Steak, the more appealing it is. However: When the price of Stocks increases, the demand for Stocks increases. When [...] |
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