Despite today’s seemingly weak, boring and lack luster action, I thought it was extremely fascinating. You will understand what I am referring to once I post the chart of the sp500 below. The day started out with a somewhat muted reaction to the jobs report. I knew that today was a critical day because any … Read more
The words that make up the title of this post are not mine. They are Larry Pesavento’s words and I happen to agree with him. I continue to believe that this is an extremely dangerous market and that it is an environment of a weak and nervous bid. We literally could start to collapse at … Read more
This past weekend I looked at every single stock in the SP500 one by one. It occurred to me after looking at all of them that they were in a stance to move higher after significant consolidations during the last half of October. Sure enough today we get all indices moving higher and a few … Read more
Does Technical Analysis work on the OTCBB? There has been debate about whether or not Technical analysis works or not on tiny microcap stocks such as those on the OTC BB. I am of the opinion that it does work, however I am also of the opinion that this tiny marketplace is not one to … Read more