Ja’nus: Early Roman god of gates and portals, represented by two opposing faces, probably...
Author - Andy Richardson
Module 5 – Strength-Following and Contrarian Markets
Introduction ‘I wish I was the fish, he thought, with everything he has against only my will...
Markup
Price does indeed break support (see arrow), and we are stopped out of half of our long position...
The Trap Closes
We have traded WMT in the past both long and short. But the upside potential for the stock is now...
Terminal Shakeout
A corrective rally to N recovers nearly one-half of the decline from K to M. The rally peters out...
Trading the Short Side: Shorting Stocks
We are of the opinion that WMT has been accumulating since at least early 1994. A big upside move...
Sign of Strength?
A one-half point chart of WMT provides two preliminary upside targets. The first count of 2 1/2...
Reaccumulation
Indifferent relative strength kept us out of WMT during 1992, even though the stock’s nominal...
Relative Strength Divergence
The next chart shows the normalized performance of Wal Mart (WMT) and the benchmark against which...
Module 4 – Relative Strength
Computing Relative Strength Here’s a mental experiment in relativity: Imagine that you are...