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We seem to be going through a rather mild correction in US stock markets. In other international markets the declines have been more significant. As we said a few months ago, the second half of the year will be more difficult to navigate, and that continues to be the case. Is the correction (almost) over?…
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Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3660 BULL S: 3426 6.07 (6.69) RALLY * S: 3607 0.60 (-0.26) S&P 500 1655 BULL S: 1598 2.78 (3.79) DECLINE R: 1665 -2.34 (-3.58) Nikkei 13861 BULL S: 12718 0.90 (1.33) RALLY * S:…
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Only a quick post for today. Weakness in stock markets around the world has continued. So, it looks like we are getting a weak lunar green period indeed. Let’s have a look at the Nasdaq chart (click for larger image): The Nasdaq has held up better than most other market indices. The 3575 level has…
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Our key reversal levels going into next week: Current Status Key (W) MoM (W) Mode Key (D) MoM (D) Nasdaq 3590 BULL S: 3410 6.69 (7.47) DECLINE * R: 3635 -1.62 (-1.39) S&P 500 1633 BULL S: 1595 3.79 (4.96) DECLINE R: 1667.20 -5.82 (-5.72) Nikkei 13389 BULL S: 12634 1.33 (2.12) DECLINE R: 13844…
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If you look at a long term chart of the Dow Jones Industrials it is interesting to see how symmetrical the advance since the 1932 depression lows has been. You could turn the chart upside down around a point in late 1974, and it would look almost exactly the same. This chart lines out some…
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August is slowly coming to an end. Today we take a look at the LT wave for September (click for larger image): The LT wave did fairly well again in August. US stocks reached a new high on August 5th, but the market failed to build on those gains as was expected on the basis…
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It doesn’t matter all that much which stocks you buy or when you buy them, what matters most is when you sell them. In a nutshell that’s the conclusion of a stock experiment we have been doing over the last few years. More on that later on in this post, first we will take our…
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Our key reversal levels going into next week: Current Status Key (W) Mom (W) Mode Key (D) Mom (D) Nasdaq 3657.8 BULL S: 3395 7.47 (7.67) RALLY * S: 3609 -1.97 (-2.48) S&P 500 1663.5 BULL S: 1592.60 4.96 (5.67) DECLINE R: 1676.30 -6.47 (-6.77) Nikkei 13660 BULL S: 12602 2.12 (2.90) DECLINE R: 13981…
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This is a follow up article on a topic I addressed in early June, see: What parabolic peak? The Dow Jones has kept climbing to new record highs, and this is how the comparison with the post-depression bull market in the 1920s has evolved (click for larger image): The correlation has actually increased to 0.84…
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As mentioned in my weekend post giving our key reversal levels, my method also spins off key target levels along the way. Here they are in table format, and from now on I will include them in my weekly key reversals post: Key Targets Up(W) Up2(W) Down(W) Down2(W) Up(D) Up2(D) Down(D) Down2(D) Nasdaq 3690 3920…
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LunaticTrader Blog 