On 5/14/2011 the 6-pack below was posted, as the “Power of the Pattern” was reflecting - multi-year bearish rising wedges were taking place around the world and rising wedges two-thirds of the time results in lower prices (see 5/14 post here) . The pattern concerns 11 months ago were….Rising wedges were taking place around the world [...]
The “Power of the Pattern” reflected below that markets around the world had created bearish patterns back in May, reflecting a two-thirds chance they would all move lower (see post here) From a portfolio construction standpoint…Risk can be viewed as “how far can something fall” or ”how many of my assets move in the same direction!” A [...]
The “Power of the Pattern” started highlighting that markets looked very much alike on 5/14 and the global patterns looked like a “Domino/Slippery Slide Effect” should be CLOSE at hand. (see look alike, dominoes and slipper slide) These global patterns were suggesting that correlation risk, was extremely high and that until the rising wedges were to [...]
On 5/14 I ran a post discussing “Look Alikes, Domino’s and Slipper Slides.” (see original post here) Below is an update to the prior Global 6-pack, which at that time, was reflecting that key global markets had created “bearish rising wedges” and each market was setting support. Since the original post, the Shanghai index has broken support [...]
Global markets on a high wire? CLICK ON CHART TO ENLARGE Global markets remain in a very tricky situation, per the vast majority of them are setting on support lines at the same time. Last weekend I ran a post titled “Look Alikes, Domino’s and Slippery Slides”. (see post here) This is a very tricky [...]
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