Just a quick note on cycle turns. Usually, price changes directions during a cycle turn. Occasionally, price will accelerate to the downside. It appears to me that the government has the opportunity to restore the system. But this is the same President, Congress, SEC, Fed, and Treasury who have made idiotic move after idiotic move in the past year. Please don’t get long just because it appears to be a cycle turn. Continue reading
Cycle Turns
October 10th, 2008 8 Comments
Tags: Dow Jones Industrial Average · Gann Angle Fan · Market Cycles
Market Internals at Rally Position
October 10th, 2008 2 Comments
This market will turn when it wants to turn - or when it is time to turn. But the VIX and Put/Call ratios are in position that rallies have happened from in the past. Continue reading
Tags: Market Internals
How Long Did Panic of 1907 Last?
October 10th, 2008 No Comments
The bank panic of 1907 is very similar to the current bank crisis. The drop started around Jan-07 and ended at the beginning of Nov-07 which is about 10 months. Tough to tell were we are in the current drop in relations to this chart though. Continue reading