Just to let you know the plan. The DC news has caused the seas to change, hence money managers have started to unload positions because the track of the healthcare changes, tax changes and cuts is now more of an…
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My Low estimate was short, time-wise, but we are still headed south
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Well, as of this date, I still believe I have the trend right, down, but it looks like my technical estimate of the low was too short in time. As I write this, my Score indicator is below 50 and…
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A Swing at the Next Market Low
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My Score indicator is reflective of the overbought and oversold moments in the market. Looking at the chart, you may also see that the previous four lows seem to be equally spaced in time. In fact, they are 141 days,…
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News Events Provide the Excuse for Predictive Technical Patterns
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World and national events always seem to emerge at the right time to explain what the technical patterns on the charts are telling us. I have said that the Score reading in early December foretold of an upcoming down move.…
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2016 High Growth Industry Group Performance
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My Score indicator is still heading south, although the trip is not straight down. The NYSE Short Interest ratio has been falling, and this past week, the final nail in the coffin, my Diamond Jim Market timer gave a sell…
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Ring the Register as You Ring the Christmas Bells
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My Score indicator (from my main web site menu select “Sectors & Groups”, then select “Chart of Industry Group Scores”) bottomed the Friday before the election, ran up through November 22, consolidated, then headed north again. It went up through…