Published in April 30th, 2009
In Inflection Points Fast Approaching, I suggested that the S&P may retrace before going higher. The market has broken to new highs without the retracement. What does this move suggest to me?
Well, as Figure 1 shows, we are unlikely to see a bullish-conviction close above 894: we’d need to see at least 50% of April’s […]
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Published in April 29th, 2009
To paraphrase Ayn Rand: “reality is the out there as seen by the in-here”. In other words, our reality is our perception of the ‘real world’. To the extent that our map fits the territory is the extent to which we will be successful. This proposition goes against much of what is being taught as […]
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Published in April 28th, 2009
First off a great big thanks to Ms Ana Wang for stepping in yesterday. I contracted some sort of bug on my trip home from Singapore. Still somewhat out of sorts but much better.
Secondly, for those that would like a great primer on Austrian economics and its view of the cause of the current economic […]
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Published in April 27th, 2009
I have been asked to contribute a post today and with all the headlines on Swine Flu, I feel it is time for us to be alert, but not to panic.
What are the implications for markets?
World stocks tumbled today , after seven weeks of gains, and oil and the euro fell as concerns […]
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Published in April 24th, 2009
We’ll take a look at Gold today - all figures basis CSI-Perpetual Data.
My preferred view is a pull-back to the Primary Buy Zone in Figure 1 ($736 to 692) to complete a sideways correction; this is followed by a run up to a minimum target of $1260 and preferred target of $1538 - $1540 (Figure […]
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Published in April 23rd, 2009
Yesterday I examined the context to the current rally. Today I’ll look at the rally itself.
PRICE ACTION
Figure 1 is the price action of the March 6 lows. To date the rally has gone 31.32%, greater than mean +2 on the 18-day (monthly trend) impulse move; the 5-day line has turned down. In addition, the […]
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Published in April 22nd, 2009
Inflection points - critical turning points - appear to be approaching in the US Stock Market, US Dollar, Gold and to a lesser extent, 30-Year Bonds. In this and next blog or two, I’ll review the instruments.Let’s start with the S&P (basis cash).
Figure 1 is the 12-Month (yearly trend) Barros Swing on the S&P.
In end […]
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Published in April 20th, 2009
I have been waiting for some commentator to make the point. But it’s almost as though there is a conspiracy of silence.
Every bank that I have seen, their earnings report has come out with better than expected figures for the last quarter. Try as I might I have been unable to determine whether the […]
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Published in April 18th, 2009
By Anna Wang:
You Are Invited to Meet & Hear Top Global Market Experts Over the past three decades :screamed the headlines for the HK Money Show, an exclusive 2 ½ day educational event for private investors and active traders.
This World Money Show was brought to Asia for the first time by InterShow with […]
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Published in April 17th, 2009
I was going to complete my views on a ‘measure of contraction’ that I started yesterday. But this issue of Denise Shull’s (http://traderpsyches.com/) newsletter was one I wanted to share with you. She gives excellent advice.
Her site for all her letters is: http://community.icontact.com/search?q=trader%20psyches&in=all&age=week
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A trader can read dozens of books and add scores of indicators […]
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