I am reprinting below some of my writings from a few years ago in order to give my new students some understanding of my approach to the market. “it is utterly useless for us on the outside, who buy and sell comparatively small blocks of stock, to conjecture about what “they” are doing.  We cannot [...]

I used my favorite indicators to review the Dow 30 Index’s action since 1915, as this is how far back TC2007 allows me to track this index.  I looked at the monthly chart and the following indicators: 5 and 30 month simple moving averages and the 25.4.4 monthly stochastic. I am posting a chart of [...]

I started teaching two classes on technical analysis last week and will explain more of my concepts and include informational links, as many students will be new readers.  My General Market Index (GMI) keeps me trading with the general market’s trend.  The GMI is a count of 6 short and long term indicators.   Because I [...]

“Last week, a person who knows nothing about the market asked me how to short stocks.  This is reminiscent of the stories of the shoeshine boys providing stock tips, near the roaring 20’s market’s top.  The sentiment is just too negative right now.  Does this mean the market has to turn up?  Not necessarily, but the [...]

I used TC2007 to scan the market for stocks that meet my most stringent fundamental and technical criteria for rockets.  These stocks have great fundamentals and technicals, have already doubled their price a year ago and are near 5 year or all-time highs.  I have listed in this table the 11 stocks out of 4,000 [...]

Since I posted a few days ago a Guppy chart showing short term weakness in AAPL, the stock declined and then bounced on Wednesday.  The stock did reach a very low level on its daily stochastics (10,4,4) indicator and a  reversal of the short term down-trend is still possible.  However, I am waiting for a [...]

While still in a longer term up-trend, AAPL has closed below its critical 10 week average for the first time since its rise began last March.  (Daily volume has also tended to spike on the down days.) Since March,  AAPL has more than doubled. The longer term trend remains intact, but this daily Guppy chart [...]

I received few comments regarding my trading philosophy.  Does that mean you all agree with me?  Your comments really do make a difference and inspire me to continue this blog.  So, please keep them coming.  In a few weeks I will begin teaching two courses on TA at the University of Maryland.  I expect that [...]

If calling the short term trend of the market were easy, we would all be rich and retired.  Last week, my short term QQQQ indicator gave me a head fake and turned my daily trend count down.  That new downtrend lasted for two days and then the up-trend resumed.  However, I had indicated at the [...]

My indicators keep getting stronger.  The GMI is 4 for the first time since August 20, 2008.  There were more new highs than lows (22 vs. 6) in my universe of 4,000 stocks on Thursday.  The Worden T2108 indicator is at 83%, the highest reading since 89% on January 6.  This is typically an over-bought [...]