Looking back to the 1987 crash as a low the SPX is in pretty good shape. Price followed the 1:2 line until 1997. Had price corrected here and then resumed the trend the SPX would be exact in the same place as it currently is. Continue reading
Weekend Outlook - 19Jul08
July 19th, 2008 No Comments
Tags: Biotech · Elliott Wave Analysis · Gann Angle Fan · GOOG · Growth Stocks · Market Outlook · MSFT · Nasdaq Charts · Sentiment · Standard and Poor's 500 (S&P500) · Value Line Arithmetic Index (VLE) · Volume
Perceptions versus Reality - More Sentiment
July 14th, 2008 No Comments
Just for fun - look at the chart below and picture in your mind that price followed the red-line from 1997-2002. Assume price made a nice neat correction in 1997 until near the top in 2000. Assume then that price rose in an orderly fashion into 2002 and continued along the real path from there. Wouldn’t market perceptions be totally different? Continue reading
Tags: Sentiment · Standard and Poor's 500 (S&P500)
Macro Political Research - Sentiment Survey
July 13th, 2008 No Comments
It appears the US economy is in good hands. This analysis from YouTube has put me at ease. It is a little dated but it is nice to know what the masses are thinking. Continue reading
Sentiment, Volatility, and Derivatives of Price and Volume II
July 11th, 2008 1 Comment
In a previous post I discussed my thoughts on sentiment and price volatility. I want to provide a few charts showing direct measures of volatility that work better than sentiment surveys and derivative metrics such as the VIX. Continue reading
Tags: About · Market Internals · McClellan Index · Sentiment · Standard and Poor's 500 (S&P500)
Sentiment, Volatility, and Derivatives of Price and Volume
July 10th, 2008 3 Comments
We are now wondering if sentiment is too bearish and the market will go up. Why would it go up? Because people bearish? No. The market doesn’t care what anyone thinks or feels. It goes up because everyone has sold that will sell. Continue reading