Regular TA had been good in a two way market. But in a one way market it has failed miserably. And yet we are looking for an advance look into the future. All sorts of obscure and unheard of models are going round. One of such model is Lindsay’s Three Peak and Domed House. There are people who have made a career out of it by writing book on it, giving lectures and writing newsletters. Personally, I think it is something like Elliot Wave where you can make the wave counts fit after things have happened. The 3PDH goes like this:
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Just A Pause (by BBFinance)
The market is digesting the gains of yesterday but that does not mean we are done with the flight to galaxy. Thursdays have been most bullish so far and tomorrow we may see another attempt to break through 1400 in SPX. I don’t think anybody knows what is going to happen short term but everyone is scared to short. Today was a bearish reversal day but TA has not worked well lately, so not much to read into it.
To The Galaxy Far Far Away?
Schizophrenic Market (by BBFinance)
Hurry Up, Sit Down and Start Running!
Bizarre as it may sound, this is what happened in the stock market last week. Like a dog chasing the tail and going round and round. When the index fell in the 1st part of week, remaining bears started making noise. ZH was painting the town red with the news of coming Eurocalypse. And I was telling readers to wait and not to front run. I said repeatedly that trend change is not confirmed and whipsaw is expected. Technically the market was oversold to start with. Again, as absurd it may sound that while the prices were making higher high, the market was oversold, it was true. How can we expect a decent sell-off in such a situation? And not to forget, the cycles were showing a top due by March 6-9. Last I said, may be Friday, March 9 will be the fade date.
