Market Bull A Little Tired? Our trading plans yesterday stated: “The price action on Tue, 03/02, confirmed our models’ suspicion of the spike of this Monday, with the index closing back within the range of 3930-3880 that we have been indicating for the last four weeks (and, the index stuck in it for the fifth...
Monday’s Spike Now Confirmed Spurious Our trading plans on Mon, 03/01: “Our models are suspicious of today’s spike up as caused by the “first-of-month” artificial/systematic inflows, and remain in bearish bias while the index is below 3905 on a daily close basis”. And, we stated on Tue, 03/02: “The index’s close at 3901 fell short...
Need a Follow-thru Today Our trading plans yesterday stated: “Our models are suspicious of today’s spike up as caused by the “first-of-month” artificial/systematic inflows, and remain in bearish bias while the index is below 3905 on a daily close basis”. The index’s close at 3901 fell short of the 3905 and our models are maintaining...
Today’s Spike Up Sustainable? Our models are suspicious of today’s spike up as caused by the “first-of-month” artificial/systematic inflows, and remain in bearish bias while the index is below 3905 on a daily close basis. The index has breached and broke down below our range of 3930-3880 after spending four weeks within that range –...
Market Bear Taking a Peek The likely market top we hypothesized in our Friday’s trading plan, which stated “With last Friday’s high of 3937 and close of 3934 registering now as a failed breakout attempt. Could that be the near term top? Only time can tell! What we can know is that we are going...
Whipsawed Back into our Range! Our words from Friday’s trading plan, which stated “With last Friday’s high of 3937 and close of 3934 registering now as a failed breakout attempt. Could that be the near term top? Only time can tell! What we can know is that we are going to be stuck within this...
Range Lower Bound Breach Sustainable? Our words from Friday’s trading plan, which stated “With last Friday’s high of 3937 and close of 3934 registering now as a failed breakout attempt. Could that be the near term top? Only time can tell! What we can know is that we are going to be stuck within this...
Range Lower Bound Under Attack Our words from Friday’s trading plan, which stated “With last Friday’s high of 3937 and close of 3934 registering now as a failed breakout attempt. Could that be the near term top? Only time can tell! What we can know is that we are going to be stuck within this...
Confirmed Stuck. Now What? As our trading plans indicated yesterday, the lower bound of our range came close to being pierced, and the market then rebounded back into the range. So, for the third full week, the index has been confined to trading within our models’ published range of 3930-3880. With last Friday’s high of...
Lower Bound Likely to be Tested For the last two weeks, the index has been confined to trading within our models’ published range of 3930-3880, with the Friday’s close of 3934+ registering now as a failed breakout attempt. Could that be the near term top? Only time can tell! In the mean time, the failed...
