Posts Tagged pattern

Head and Shoulders Pattern Shaping Up

Posted on April 23, 2009 by Adam

Where is the market going to go next week? If I had to guess, I would say down. Earlier this week we broke an important upward sloping trendline, which was coincident with a Point and Figure sell signal in the S&P 500. That was the first sell signal since February! The price objective of this [...]

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Gauging Market Posture

Posted on February 25, 2009 by Adam

Good Morning Traders,
Yesterday’s sharp rally came as no surprise to me, given the grossly oversold nature of most broader market indicators. As such, I was able to reap the rewards by positioning myself slightly to the bullish side.
After the rally, we have inched our way north from extreme oversold levels, but an enormous amount of [...]

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