On final chart post for this weekend. My NASDAQ indicator keeps printing X’s signaling lower volatility and more bullish stocks. The intervention I was looking for here is underway. Don’t fight the BOJ until you see another X printed. Gold and precious metals like silver continue to put in nice uptrend work. This remains the…
A few market signs for the lost. The following precipitous graph is an example of the impact the financial crisis is having on the real economy. The BDI indicates how much shippers get paid for carrying freight. Due to the unwillingness of banks to write letters of credit for merchandise, shipping is mired in a…
I’ve been doing more tinkering with stockchart.com’s free P&F charts. I like Point and Figure over Candlesticks because price can be scaled to Average True Range, which helps expedient trend recognition. If you aren’t familiar with ATR, look it up and read something by Van Tharp. Aside from charting, Average True Range is a statistical…