The Chartman

Time to Join the Bull Camp?

The past month has been as choppy as I’ve seen in a while, and I’ve been neutral on the market. But Friday’s action was encouraging and moves me slightly towards the bull camp.

The Market isn’t Strengthening any Time Soon

A few weeks ago, I noted the long – very long! – period of congestion would almost have to be broken with a major move.  I didn’t know the direction, but was confident of the ferocity.

Is There a Big Market Move Ahead?

Months of congestion are usually resolved with a splash. So, as soon as we see a break of either support or resistance, look for the subsequent move to be big.