Thursday, November 19, 2020 1:19 PM EDT
Sometimes overbought is a warning for a pullback. Other times, it is the most bullish thing that can happen.
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Last week, I posted my thoughts of gold trading at the top of a huge base. Arguably, the market broke out Thursday. Here's an update to that post.
Work Experience
| Columnist | |
| Barron's Online (Dow Jones) | |
| 2001 - Present (20 years 9 months) | |
| Writes the widely read twice weekly "Getting Technical" column For Barron's Online discussing all markets using charts and technical analysis. While understandable by investors at all levels it is not afraid to introduce and explain more advanced analytical topics. |
| Editor in Chief | |
| Michael Kahn Research LLC | |
| October 2001 - Present (20 years) | |
| Researches and produces a daily market letter for investors, money managers and traders covering all markets but weighted towards domestic equities. Includes charts and analysis of major indices, sectors, stocks, commodities, currencies and bonds. Actionable ideas offered and tracked for performance. Also includes teaching sections and learning supplements. |
| Chief Technical Analyst | |
| Bridge News | |
| September 1996 - September 2001 (5 years 1 month) | |
| Developed technical analysis coverage. Wrote daily and weekly commentary on global stock markets with an emphasis on US markets, sectors and stocks. Wrote alerts on breaking technical events including the popular "Stocks to Watch" column highlighting stocks that were in position for trading opportunities. |
Latest Comments
Why You Should Take The Green New Deal Seriously
You missed the point of the piece. It had nothing to do with supporting the NGD but rather in identifying a trend already in place.
Reasons To Be Cheerful – There’s Three
I now call them craptocurrencies. Just a ridiculous exercise in human greed. Good concept but basically useless as a currency.
A Yogi Berra Stock Market
No, I will not post them here. However, you can always view the stock i cover at my website http://quicktakespro.com/COTD.html. Ally does some sort of archiving.
A Yogi Berra Stock Market
August saw a significant pullback that caused the moving average cross/ whipsaw. It also created an anchor point for the trendline mentioned.