Monthly Archives: August 2011

P-Indicator Results for SPY and QQQ Show an Upward Bias

Posted on August 31, 2011 by Michael Harris

As of the close of Tuesday, August 30, 2011, p-indicator results for SPY and QQQ show a positive upward bias for 3%, 4% and 5% price envelopes.

Posted in ETF Analysis, Price Action Lab Patterns | Tagged , , | Comments Off

What is Next for QQQ After a 3% Rally?

Posted on August 30, 2011 by Michael Harris

The market had a good run yesterday with the Dow Jones Index closing up 2.3% and with S&P 500 and Nasdaq rallying 2.8% and 2.9%, respectively. These major stock market indices are close to retracing 50% of the downward move that started near … Continue reading →

Posted in ETF Analysis, Technical Analysis | Tagged , , | Comments Off

Optimal Position Size Methods and Other Misconceptions

Posted on August 26, 2011 by Michael Harris

Optimality usually refers to a solution to a problem derived with respect to some objective function. A solution that is optimal with respect to a given objective function can be non-optimal with respect to another objective function. In trading, for example,  there is the well-known %Kelly method for calculating position … Continue reading →

Posted in Risk Management | Tagged , , , | Comments Off

p-indicator Results Point to More Volatility

Posted on August 24, 2011 by Michael Harris

As of the close of Tuesday, August 23, 2011, p-indicator results for SPY and QQQ point to more volatility and indicate a bias in favor of another drop in the short term. Specifically, a negative bias was calculated across the board … Continue reading →

Posted in ETF Analysis, Price Action Lab Patterns, Technical Analysis | Tagged , , | Comments Off

GLD Update: Parabolic Move May End Soon

Posted on August 23, 2011 by Michael Harris

As I noted last week GLD has gone parabolic since the beginning of this month. I leave it for others, more qualified than me, to investigate whether this move is justified or not. As far as I am concerned it is not but … Continue reading →

Posted in ETF Analysis | Tagged | Comments Off

Lekas’ $200 Oil Argument

Posted on August 21, 2011 by Michael Harris

Is a dollar devaluation policy with the objective of making the price of oil rise to $200 a sensible way of dealing with the trade deficit and the loss of manufacturing jobs to China? John Lekas argues that this is the strategy the FED is actively pursuing … Continue reading →

Posted in Economic Analysis | Tagged , , , , | Comments Off

GLD Has Gone Parabolic

Posted on August 18, 2011 by Michael Harris

GLD, the popular gold ETF, has gone parabolic already. This reminds of the parabolic rise in SLV before its collapse back in May of this year. Parabolic markets often indicate panic buying from retail traders and uninformed investors who are … Continue reading →

Posted in ETF Analysis | Tagged | Comments Off

Deeper Causes of the Current Crisis and the New Soviet

Posted on August 17, 2011 by Michael Harris

While overseas I was able to talk with some very knowledgeable people about the situation in EU and US. I was mainly interesting in identifying the deeper causes of the ongoing debt crisis in US and abroad. I ignore most of … Continue reading →

Posted in Economic Analysis | Tagged , | Comments Off

Order a license of Price Action Lab during August 2011 and save up to $2,000

Posted on August 11, 2011 by Price Action Lab

This special offer is good during the month of August only. It applies both to lifetime and professional licenses.

Posted in Uncategorized | Tagged | Comments Off