Ian Woodward's Investing Blog

March 3…Black Fawn; March 4…Snakes and Ladders!

Whether you are a Bull or a Bear, it’s a difficult Stock Market to wallow in to say the least.  On March 3, 2011 we had a Black Fawn Event (thanks to my good friend Stephen) that came from out of the blue…the Reverse of a Black Swan:

   

…And the very Next Day we were back to playing Snakes and Ladders, so the Topping Action continues:

            

Note that the Twelve Drummers Drumming did their thing on days 9 and again 14, so at least you were forewarned:

  

Note that the %B of the Indexes and the %B above 0.5 are in the low 50’s implying stalemate as equilibrium is at 55:45:

  

…and to give you a longer view of Stalemate, here are the snapshots for the NDX, OEX and S&P 1500:

  

However, there is one slight ray of sunshine…if you are an Optimist, and that is the picture of the Leaders:

   

But then again, the McLellan Summation Index is stuck in the mud, thanks to my good friend Mike Scott:

    

If you lean towards bullish, then the High Jump is easy…the Nasdaq must first get past 2841 and then reach for 2862:

  

But we must be ready for a knee jerk, in which case I have conjured up one for us with the VIX, ATR and High Jump:

  

Now you have a Game Plan for Next Week.  See you in three weeks at the HGS Investor Seminar from March 26-28.

Best Regards, Ian

Comments are closed.

Copyright © 2007-2010 Ian Woodward
Disclaimer: Commentaries on this Blog are not to be construed as recommendations to buy or sell the market and/or specific securites. The consumer of the information is responsible for their own investment decisions.