|
|
Technical Analysis and Today's Economy
MTA member Ed Carlson looked at Tuesday's dramatic rally and offers an analysis pointing to the likelihood that we are enjoying a brief respite from declines.
In the last issue of Technically Speaking, we introduced you to the work of Dr. Humphrey Lloyd. His current market insights address the importance of trading the market we are given, rather than the market we prefer.
Both of these articles are available to read below.
Sincerely,
Mike Carr, CMT
Newest Addition:
BEAR MARKET RALLY
Written by Ed Carlson
The S&P rallied 6.37% yesterday. The Dow was up 5.80% and the NASDAQ Composite gained 7.07%. Jason Goepfert at Sentimentrader notes that this was the first time in 27 years that the market closed at a new low then rallied enough to close above the 5 prior closes. The last time, 1982, marked the end of the bear market as did 1942. Otherwise the situation led to multi-week rallies...
Read full article...
THE TREND INDICATOR
Written by Dr. Humphrey Lloyd
In 1969 Richard Russell invented the Primary Trend Index (PTI). It is made up of eight "action of the market indicators". The composition of the PTI has remained proprietary. However a friend of mine many years ago told me he believed he knew what the eight components were, so each day I use the following indices: Dow Jones Industrials, Dow Jones Transports, Dow Jones Utilities, S&P 500...
Read full article...
Previous Articles:
|
DATE POSTED |
ARTICLE TITLE |
|
March 12, 2009 |
Bear Market Rally by Ed Carlson |
|
March 10, 2009 |
The Trend Indicator by Dr. Humphrey Lloyd |
|
January 20, 2009 |
Kase Commentary on Crude Oil by P. Dean Rogers & edited by Cynthia Kase, CMT, MFTA |
|
January 20, 2009 |
Kase Commentary on Natural Gas by P. Dean Rogers & edited by Cynthia Kase, CMT, MFTA |
|
January 13, 2009 |
2009 Stock Market Forecast by Kim Husebye, CMT, CFA |
|
January 12, 2009 |
World's Best January Indicator by John R. McGinley, CMT |
|
January 12, 2009 |
Chi Squared by Arthur Merrill, CMT |
Submit an Article:
Have an article you've written that's a bit more timely than something that would appear in our Technically Speaking eNewsletter? If you're a member you'd like to share on the MTA website, please feel free to send it to editor@mta.org.
| |
|