Are we having fun yet? This whipsaw is classic. It's more the sign of a mature market that needs a lateral consolidation due to the great move it made over the past few months. Mature meaning, upside isn't easy but difficult to...
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I included that one tonight because it is the total market chart. It is not a very good looking one from the bulls perspective. It shows how it lost massive support when it fell below its trend line, 20- and 50-day exponential...
I can try to think of a catchy title but what a waste of time. Only thing to say is what I said. We are Nowhere folks! The tape isn't a thing of beauty for either the bulls or the bears. It's playing, on almost a daily basis,...
Jack Steiman, On Weak Risk-Reward Either Side of the Market (SwingTradeOnline.com) The bears are trying. I'll give them that. After all, they've taken out the 50-day exponential moving average on the Nasdaq and have kept it...