Tagged: historical

2012-dec-rsi-divergence 1

Intermediate-term set-up for a gold rally?

Traders have been bearish on gold and gold stocks since late October, the longest stretch in recent years. All such previous instances were followed by significant multi-week rallies. Here’s a daily chart, showing some...

Blame the computers? Bah humbug. 8

Blame the computers? Bah humbug.

Did the computers drive the Dow down 25% in a week in May 1940 (no, there was no major war news that would have justified such a move): TD Ameritrade Here’s the Dow for...

Some more Dow history 0

Some more Dow history

Continuing the top series… Be sure to look at the lines on these charts, including RSI trends. If you gave Paul Tudor Jones nothing but graph paper and a ruler and he would still...

What does a top look like? 0

What does a top look like?

Some charts from historical tops in the Dow, starting with 1901: . The giant gap down above did not happen in a day. The government forced the closure of the NYSE on July 27...