• Sun. Oct 2nd, 2022

Dr. Wish

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  • Blog Post: Market stats are similar to what occurred at June low: 1,374 new yearly US lows vs. 1,394 at June low, 81 Nasdaq 100 stocks with oversold daily 10.4 stochastics vs 85; T2108 = 12 now vs 11; P/C ratio= 1.08 vs. 1.17, but reached a more extreme 1.27 days before June bottom, see charts for trend

Blog Post: Market stats are similar to what occurred at June low: 1,374 new yearly US lows vs. 1,394 at June low, 81 Nasdaq 100 stocks with oversold daily 10.4 stochastics vs 85; T2108 = 12 now vs 11; P/C ratio= 1.08 vs. 1.17, but reached a more extreme 1.27 days before June bottom, see charts for trend

Friday’s indicators are very close to what occurred last June 16 when the QQQ bottomed and began a large rally. Will we get another tradable rally or will QQQ decline…

Blog Post: 1,011 new yearly lows for US stocks on Thursday; I am so sorry for those well meaning but uninformed people who did not exit this market more than 9 months ago when the technicals signaled trouble. This quote from Jesse Livermore says it all.

“Finally there came the awful day of reckoning for the bulls and the optimists and the wishful thinkers and those vast hordes that, dreading the pain of a small loss…

Blog Post; 35 US new highs and 438 new lows; $INSW is one of 4 stocks at ATH, see daily chart of $INSW and how I evaluated it

I am writing this post to show my students a way to evaluate a company that comes to one’s attention because of strong technical action. TC2000 showed me that INSW…

Blog Post: Day: Day 14 of $QQQ short term down-trend; Where is $QQQ likely to bottom? See how technical analysis could have helped you to avoid the $FDX debacle

Will QQQ stop at the June low or will it decline to the trend channel line (237.47) and former green line top or go further below?  Note  the  above  average …

Blog Post: Day 13 of $QQQ short term down-trend; weekly chart of $DIA suggests re-test of last June’s lows; how to discern a market bottom–it’s easy with a weekly 10:30 chart!

Market could fall to last green line break-out at 295.87 (GLB) which occurred after the pandemic decline,  in November, 2020. A decline below that green line could induce heavy selling…