Author: Michael Kahn

I have railed against the classification of technical analysis as voodoo and prediction since I believe, when properly applied, all it does is give you probabilities so you can make one decision – buy, sell or hold. Yes,...

A number of sectors have moved under their 50-day averages and then bounced to test them. Despite the peppy performance Thursday and all sorts of good stuff (Sept sales data, Alcoa earnings, Dell and eBay upgrades) the market...

Today’s column was on the short- and long-term breakouts in gold. Let’s do a quickie poll on where everyone thinks it is going. If we listen to the inflationistas, gold is going to 2 grand thanks to all the money...

Just an FYI.The Quick Takes Pro home page has been changed to offer a chart of the day. Check it out.Don’t worry, we won’t try to sell you anything (unless you...

A headline from the financial media:Greek stocks crumble Socialist win in weekend parliamentary elections leaves investors seeking market clues.Crumble? Really. Look at this chart:I don’t know if you can see it without...

From a discussion on a professional technical analysis board:It only takes one trade, probably the next one, to destroy you in this business – Larry Williams.If you think you have the markets figured out, post this to...

Heffalumps and Woozlesare very confuzle – Winnie the PoohWhy Winnie the Pooh? The song starts with:They’re black they’re brown they’re up their downThey’re in they’re out they’re all...

Over the past few months, many technical holy grails, such as breakouts on high volume should be bought, have not worked. Then two weeks ago, all of the sudden an reversal bar on high volume means the end of the bull...

Check out this headline on a financial website today:U.S. benchmark 30-year mortgage rate falls below 5%Funny, just yesterday (I swear it was just the other day – Reo Speedwagon) Ditech had an ad on TV saying “As you...

In today’s column, I presented a case for a short-term bounce in the dollar. Will it happen? Maybe, maybe not but the evidence does at least give it a chance.Sterling has broken down (see the chart of the day at the...