Archive for May, 2010

Tails Tails Everywhere: A Look at the Carnage from “The Glitch”

Notwithstanding my annoyance at last week’s “technical glitch” that probably made a few people over a billion dollars, the problems it caused for my programs because of extremely large tails in many stocks is a bigger hindrance. The lows set on Thursday’s sudden cascade 1000 point sell-off, although we’re being told was caused by a [...]

Two-Third Retracement Lines Everywhere

Projected Retracement Marks: Nasdaq:     1900 INDU:     200w SMA + 2/3.  Projected:  9500, 8400 Hang Seng Finance:     1)  29,500  2) 26,750 3)  25,000   4) 17,000 US Short Term Note Yields:  Pointing lower GS:    Short term target $130. Ugly breakaway gap. Measures same standard deviation as the one above the primary downtrend line. V:     Might be able [...]