Posts Tagged ‘bull run’
Media Calls a Bottom as Credit Market Calls for Panic (Charts)
Tuesday, March 24, 2009 15:29 1 CommentMuch has been made (mostly by the mainstream media) over the recent rally in the Dow Jones Industrial Average. Many of the usual suspects, including those that have been wrong for the past 3 years, have been quick to call a bottom. We, as technicians, tend to pay little attention to CNBC, Fox Business, etc. [...]
Brokers Break Down on Rising Volume
Monday, February 26, 2007 0:32 4 CommentsFebruary 26, 2007
There’s an old saying on Wall Street–”Where the broker-dealers go, so goes the market.”
After a day of heavy selling pressure, the AMEX broker-dealer index broke below the 50 day moving average. This is not a good sign for the health of the market.
Below we see the index breaking down after todays trading.
The following [...]
The Coming Stock Market Crash of 2007
Monday, January 1, 2007 20:24 12 CommentsJanuary 1, 2007
Charting Stocks 2007 Outlook:
The case for a Stock Market decline in 2007
-Contraction of the manufacturing sector: Usually precedes a recession
-Auto production declining by more than 10%: Usually precedes a recession.
-The collapsing real estate market: Public Home Builders report record cancellations. KB Homes 53% of orders were cancelled in 2006. Pulte Homes 36%, [...]
