Monthly Archives: January 2012
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
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
The new Lunar Year 4709, the Year of the Dragon, starts today in China and a few other Asian countries. The Shanghai Stock Exchange will be closed for the spring festival and will reopen on January 30. There is plenty of time for … Continue reading
Spot Silver rose 5.46% last Friday and SLV, its ETF, followed with a 5.0% gain. Is this the beginning of a new bull market for silver?
This one could be major because it became a flagship of some permabears late last year. It is the failure of the massive diamond formation on the weekly NASDAQ-100 and QQQ charts. Naturally, we will have to wait a few more … Continue reading