Author: Irving Johnson

The COUNTERTREND MOVE in the EURO(FX) and the DOW we discussed on Monday led to over +400 points on both. The COUNTERTREND MOVE may have ended and will be determined by the ability of the EURO(FX) to hold 1.2790...

The Euro(FX) which went into an UPTREND jul 02 in the range of 1.2559 and had a high of 1.3333 and is still +500 is in a COUNTERTREND move.  The BOARD has initiated a “NO CONFIDENCE”  read and the...

This current EURO(FX) UPTREND read which had a TRENDSTART date of July 06 is now +700 points as of this morning.  The TRENDBODY now is of the size that it can withstand a substantial COUNTERTREND move. ...

The troublesome aspect of the recent move in the Dow is that the financials are not participating.  The last 2 UPTREND reads in the Dow have been 1 or 2 day wonders.  This recent UPTREND read is also worrisome because...

Yesterday’s low has been taken out and the Bearish Engulfing Pattern has emerged.  As stated before confirmation is required, but also as mentioned before, the highly overbought conditions make this possible. ...

If the low of yesterday is taken out, a Bearish Engulfing pattern will have emerged.  Of course there must be confirmation.  But with a condition of screaming overbought being evident, that confirmation is  a high...

As of now, the read that the UPTREND had started is being confirmed.  The worrisome feature is that there was a 1 day UPTREND read Jun 21.  However the EURO which is now worth over 250 points, has...

The direct relationship between the Dow and the EURO(FX) is once again obvious.  This is after the EURO went into a “COUNTERTREND” move before the Dow and then went into an “UPTREND” read about 6...