Direct Link Click Here Part I.
Direct Link Click Here Part II.
Joined Apr 1, 2010
8,861 Blog Posts
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Good post!
A double dose this afternoon; bonus. Great insight as always….thanks for your effort day and day out. I really enjoy your daily recaps.
Cheers
Thanks for the two parter.
Thanks
New to your recaps having recently joined PPT. Thanks!
Awesome. Thanks, Raj.
Keep up the good work, I appreciate your daily recaps!
Great recap chess. Thanks.
One thing you haven’t mentioned…the trendline break from the March ’09 lows…
http://peterlbrandt.com/chart-breakdown-ushers-in-bear-market-in-u-s-stocks/
The bullish turn today was impressive. But that hammer w. volume looks almost too obvious to be a bottom. I’m light short now, if we take out today’s lows I will double up though, as I think all will be lost on the long side. If you want to say that it’s not a break of the 200 day that matters, but the slope, I think you end up holding till the party’s over. The bull market has gotta end sometime.
1) I have talked about that trendline plenty of times recently.
2) It is a weekly trendline on a weekly chart, and this week is not yet complete, which means that Brandt article is both reckless and premature.
3) A mere breach of a trendline does not mean a “new bear market is ushered in.” I have talked at length about the fact that it needs to be a clean break–and even then there are other hurdles to clear before a new bear can be declared by any reasonable technician.
4) If you link to any idiot blog again under my tab I will spam your ass on the spot.
Great update again – and thanks for the two installments. Thinking about the “weekly” and going back to July 2007 through early 2008 – in what way is the current price action similar (if at all)? In some ways this question is “spam” (I’ve just been maimed by the popping treasuries – I’m obviously reckless).
Sorry for throwing out an alternative viewpoint…won’t happen again.
Peter Brandt is no idiot…have you read any of his blog? His blog is extremely well-written, and his methods and approach are very well done. Surprised you would threaten a “spamming” for a polite and composed comment like that
Great videos! So glad I found your site. Wish I could make charts like those, though.
Two-fer…nice! I smell a mattresses reference coming
Impressive and concise as usual,
thx
great post….thoughts on $wnr . check out $cxo , blowout earnings , might run
Great job Chess. Thanks for the double video.
Awesome as usual. Much obliged, chess.