Monthly Archives: January 2012
The recent gap in the AAPL daily chart after the financial results for its fiscal 2012 first quarter may be a signal of trend continuation to significantly higher levels. Or it may be a signal of trend exhaustion. Can we … Continue reading
My post yesterday about the frequent use of argumentum ad verecundiam by technical analysts in an attempt to assign credibility to their work is followed today by another that provides a specific recent example of how different analysts saw on a chart that which … Continue reading
The recent rally in precious metals has lifted SLV as much as 28% from its December 2011 low of $25.65 to close near $33 on Friday, January 27, 2012. This closing price is $1.50 below a triple resistance area.
Bond Yields dropped after the FED announcement of their interest rate policy. The 10-Year Note yield fell below 2% after breaking above the upper tendline of the down-channel it has formed since last November. It appears that inflation expectations play a secondary role … Continue reading
I sometimes wonder why and when some technical analysts decided that the diamond top formation is a reversal signal. A diamond is a good thing, it is forever. Well, this was another major TA failure I have warned about in advance. … Continue reading