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- Trading in:
- stocks, bonds, index funds
- About Me:
- CIO for the Practical Investor, LLC
Tony can be reached at tonyc@thepracticalinvestor.com
or call at (800) 968-6785
- Website:
- http://www.thepracticalinvestor.com
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Tony Cherniawski's Blog
Broadening Top in the NDX, SPX & INDU
The indices are finishing a rare topping formation called a broadening top.formation, also known as a 5-point reversal pattern and expanding triangle. This indicated that a significant top has been reached, and I agree. The reason? This rally has now lasted 153 days and rivals the 154-day… Continue
Posted on August 6, 2009 at 8:48am — 1 Comment
Tony Cherniawski Commentary for Tuesday, December 23rd, 2008
The rally that I had commented on in last week’s program ran out of steam the very next day without crossing the critical 920 resistance in the expanding triangle. Today we not only find the SPX repelled by this resistance but it appears that we have started the next big declin… Continue
Posted on December 23, 2008 at 12:08pm —
Tuesday December 9th Program Commentary posted by Tony Cherniawski
Today all the markets are at a crossroads. Either we continue going up or the market sells off in what may be the largest decline yet. So, let’s get busy and explain the choices the market must make.
Let’s take a look at an old formation that keeps coming up. It’s the expanding triangle that I had introduced in October. The indexes have kept to their pattern in the triangle, so I must report what I see.
… Continue
Posted on December 10, 2008 at 2:06pm —
Anthony Cherniawski TV segment for December 2, 2008 commentary
Today’s Program may be entitled “Final Landing” since the indexes have now given us a potential map of its intentions.
Last week I put out a video on YouTube describing my current views on the BKX. It drew a lot of commentary and gave me a reason to re-evaluate the chart patter… Continue
Posted on December 5, 2008 at 9:30am — 1 Comment
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I noticed you mentioned "The Lazarus Effect" in your last news letter.
Can you explain what that is?
Keep up the good work.
I am short USD, you seem to be bullish. Can you post a chart with your thoughts?
Thanks again!
Michael, my first comment will make a lot of people angry, because it will defy a lot of people’s closely held beliefs. Many people think that the gold rally had brought back the possibility that gold would go back over 1000 in the very near future. Last week, I suggested that my model put an absolute top in gold at 985. This chart should put gold investors on alert that the end of the rally may be very near. In fact, it may have already ended. Let’s look at the first gold chart, showing the daily performance of gold. Notice the triangle that I have drawn in the chart. Triangles signal that the trend in the commodity or stock is over, since they come just before the final thrust of the trend. Further analysis shows the last wave equal to the first. This is a good indication that the rally is over.
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