Tag Archives: IWM

“Don’t let them fool ya…”

Recently I made a couple of references to the difference between the RSI(14) based on exponential moving averages and that based on simple moving averages. Simply put, if you pay attention to this indicator because you think either that  the fallacy of the … Continue reading

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Massacre on Wall Street with the Usual Victims

Once more naive chartists fell victims of their own arrogance. Although surrounded by robots, they thought this time around their flagship pattern of head and shoulders would compensate for a long streak of failures during this and last year. “No way” the  … Continue reading

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Another Major Failure of Chart Pattern Analysis

Another major chart pattern, this time in Russell 2000 Index, has just failed. Chartists are dumbfounded by the failures of even the best of chart patterns recently. Some have come to understand what is happening but some others still resist not realizing … Continue reading

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Price Action Lab Alert for Monday, April 2, 2012

This alert is about long and short signals in major ETFs. Share

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Short-term Correction or Market Top?

In my last ETF Trends report I noted that index ETFs were in overbought territory and that a spillover of commodity volatility into the stock market was possible. Since the beginning of this week SPY and QQQ have lost about … Continue reading

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Short-term Direction Probabilities for Popular ETFs

The probabilities for profitable short-term long and short positions based on a typical profit target and stop-loss equal to 2%, are listed for eleven popular ETFs, as of the close of March 1, 2012. These probabilities were calculated using the p-indicator. Share

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Another Very Rare Pattern in SPY

This new very rare pattern comes right after another rare pattern that I described in a previous post. Actually, the two patterns are separated by just one trading day. It is quite possible that the price action that will follow these two rare patterns … Continue reading

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