We have been bombarded by differing opinions on volume lately. Certainly, falling market volume did not stop the 2010 portion of the rally just ended. Some say volume is no longer essential. Others say ETFs and off-exchange...
Read MoreOK, the subject was clever in my own head as a play on Rebel without a Cause. One reason, as a bear, that I liked Tuesday’s back-to-school session is that it did just that – gave us a lesson in trading. I am always...
Read MoreMy colleague Ed Carlson, CMT, has a hot new book on the work of George Lindsay. Y’all might know is most famous finding – the three peaks and a domed house formation. Usually, this stuff never works in real time.The...
Read MoreI listened to a DOJ wonk give their reasons for blocking the ATT/TMobile merger and it was the usual drivel about being bad for competition, will under serve the poor and result in a lower quality product. Wireless comms is a...
Read MoreRoll out those lazy, hazy, crazy days of summer Those days of soda and pretzels and beer Roll out those lazy, hazy, crazy days of summer Dust off the sun and moon and sing a song of cheer – Nat King Cole, 1963 The stock...
Read MoreThe waiting is the hardest part Every day you see one more card You take it on faith, you take it to the heart The waiting is the hardest part – Tom Petty, 1981 What do you do when the world is hanging on a speech? Aside...
Read MoreFrom a reader: Can’t remember what TA book I read this in, I was wondering your opinion on the RSI. During a strong trend the overbought or oversold levels tend to shift. For example, since the March ’09 lows, the...
Read MoreThere are several hundred visitors to this blog each day yet only 179 “likes” on the Facebook page. Why not navigate over there to see what sort of conversations are happening. Oh, and hit the “like”...
Read MoreHere is something I wrote for Scottrade in April 2010. I figure the statute of limitations on an article for which I was not paid anything has expired. Give Yourself a Break! By Michael Kahn The debate continues on whether...
Read MoreOn the way back from a long weekend with the family (Hershey Park – man, the chocolate so much better less than a mile from the factory) we looked for a place to have some dinner. We are used to rest stops on the...
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