The indices recouped a small portion of yesterday’s losses in a second day of very high volume trading. This morning I mentioned that the indices were stretched so far beneath their lower Bollinger Bands. That’s a sign of a lot of weakness and an oversold condition — both conditions could continue longer than bulls would [...]
Posted by 12 December 2006
December 12, 2006 Stock Market Recap
It was pretty uneventful when all was said & done today. The indices did their typical post-Fed decision gyrations and closed within their recent ranges. We’ve got options expiration this week so maybe that will get things moving. Looks like there’s not much to do on the Nasdaq but wait for that symmetrical triangle to [...]
Posted by 25 October 2006
Chart Request: Google, Inc. (GOOG)
Posted by 24 May 2005
Walking the Upper Bollinger Band
Obviously there’s a lot of strength in the market right now. I assume that’s largely due to money mangers scrambling to participate in the rally and I won’t be surprised if the buying continues right up to the long weekend. One sign of the strength is the market is when an index starts to walk [...]
Posted by 30 November 2004
A Question About Indicators
Here’s my answer to the following question which was posted in my comments yesterday by Gary: I’ve signed up for an evaluation of TC2000, which I was previously unaware of. However, after studying Worden’s videos and Help Contents on individual indicators, I’ve tried to find out if they would recommend where I could find info [...]
