Following the high velocity decline there were plenty of charts showing very oversold conditions and some indicators registering historical levels. On that basis it would be easy to argue that the decline was over as fast as it started. Others were eager to show the small Head-And-Shoulder pattern on the S&P 500 chart (began in February 2011) as evidence […]Read more
I always like to look at the long term chart of any stock or index. I want to put things into perspective and to identify any key technical patterns. Since the beginning of 2010 I have been monitoring the long-term chart of the S&P 500 index. I noticed that the chart pattern from 1968-1980 was […]Read more
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