Using Trend Lines – Part One

Trend lines are defined by lines. A line is just a connection between two points. An upward sloping trend line is bullish, a downward sloping trend line is bearish and a horizontal trend line is neutral. Initially we connect two extremes or two high points (point A...

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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