How We Got to Where We Are

Before the stock market begins an upward move certain forces come into play that contribute to its potential price movement. One such force is called accumulation. This occurs at the end of a market decline and is a phase that depicts a fight between supply and...
How Tops Form in The Stock Market

How Tops Form in The Stock Market

It appears as though the markets are going through a topping process, though not all of the attributes of a top have been put in place. I mentioned in the About page that my formal technical training came from the Stock Market Institute in Phoenix Arizona. The...

Is the Correction Here? What it can Mean…..

Just a quick look this morning as the market looks to be completing a short term top. I will discuss how we got there in a later post. A quick look at a point and figure chart for the S & P 500. From the 1640 level there are 8 boxes in the count and since it is a...
How Big of a Correction and When?

How Big of a Correction and When?

Now comes the hard part, trying to identify the nature of the correction that we will go through if in fact there is going to be  one. The point and figure count at the 1565 level gives a price objective of 1705 to 1730 and the S & P 500 reached roughly 1690. This...

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