Posted by c32y7pr8 on 21st of Dec 2011 at 09:23 am
Puma has commended William J O'Neil's
'How to Make Money in Stocks'. I have a copy of O'Neil's 'How to
Make Money Shorting Stocks', which is packed with analysis of
topping patterns breaking down.
The development of SPX over this year
has followed his anatomy of a short sale, with a late stage base
failure at the beginnin of August and now on the daily chart the
pattern is in the processof forming the three to four rallies above
the 50MA, providing the 'proper' shorting point. He gives details
as to which of these rallies is ideal to short.
A couple of illustrations of the
many charts that he describes and which resemble SPX to date, are
CISCO AND LUCENT in 2000 and again in 2001.
I used to be an IBD devotee but eventually decided I wasn't
getting enough out of it. What I miss seeing every day though is
the little box (blanking on the name) that said "Market in
correction" or whatever. Anyone know if there's any place a
non-subscriber could see that?
By coincidence, IBD switched from "Market in Correction"
(starting Nov 17) to "Uptrend Confirmed" just last night. Yet,
O'Neil may see yesterday's move as a good short opportunity.
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WILLIAM J O'NEIL and the pattern of SPX
Posted by c32y7pr8 on 21st of Dec 2011 at 09:23 am
Puma has commended William J O'Neil's 'How to Make Money in Stocks'. I have a copy of O'Neil's 'How to Make Money Shorting Stocks', which is packed with analysis of topping patterns breaking down.
The development of SPX over this year has followed his anatomy of a short sale, with a late stage base failure at the beginnin of August and now on the daily chart the pattern is in the processof forming the three to four rallies above the 50MA, providing the 'proper' shorting point. He gives details as to which of these rallies is ideal to short.
A couple of illustrations of the many charts that he describes and which resemble SPX to date, are CISCO AND LUCENT in 2000 and again in 2001.
I used to be an
Posted by bkout3 on 21st of Dec 2011 at 09:34 am
I used to be an IBD devotee but eventually decided I wasn't getting enough out of it. What I miss seeing every day though is the little box (blanking on the name) that said "Market in correction" or whatever. Anyone know if there's any place a non-subscriber could see that?
It's called "Market Pulse"....
Posted by dukeseegers on 21st of Dec 2011 at 09:53 am
...and is reserved for paid subscribers only.
They used to put it in their nightly podcast; check that out.
Posted by lessarda on 21st of Dec 2011 at 11:40 am
thismight be a good way
Posted by bkout3 on 21st of Dec 2011 at 11:56 am
thismight be a good way to give me an overview of where IBDs at
O'Neil & IBD
Posted by sethbru on 21st of Dec 2011 at 09:36 am
By coincidence, IBD switched from "Market in Correction" (starting Nov 17) to "Uptrend Confirmed" just last night. Yet, O'Neil may see yesterday's move as a good short opportunity.