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Guy Cohen

Market Update 16 June 2010

by Guy Cohen 16. June 2010 17:07
Hi Everyone (Please note the OVI charts are Monday's as Tuesday's are still being calculated as I write this note) Well the Double Bottom held and we've seen strong action on the main indices as they bounced off those recent support levels from last week. The Dow is up 650 points in a week and th... [More]
Guy Cohen

Market Update 10 June 2010

by Guy Cohen 10. June 2010 23:22
Hi Everyone The major indices tried to get going positively today and got pegged back.  Here is the previous day's OVI chart for the S&P (today's is still being calculated as I write this note): S&P (SPY) OVISimilar to the other indices, the OVI is negative and has been in virtually ... [More]
Guy Cohen

Market Update 03 June 2010 - What Next for the Markets?

by Guy Cohen 3. June 2010 17:27
Hi Everyone The markets are still volatile with large daily swings up and down.   The basic patterns remain pretty bearish and the OVI for the S&P and Nasdaq are also negative, while the Dow OVI is around neutral right now. Nasdaq QQQQ Chart: I'm paying a lot of attention to this as... [More]
Guy Cohen

Market Update 25 May 2010

by Guy Cohen 25. May 2010 17:30
Hi Everyone Do not be concerned if you cannot find many or any decent patterns like neat flags right now.   The market is telling you something - that it's temporarily sick, so you're better to be patient, observe and allow the technical patterns to rebuild themselves.   We do not want ... [More]
Guy Cohen

Markets Need Time to Repair

by Guy Cohen 11. May 2010 17:32
Hi Everyone  Just a quick note to comment on the general market action right now.  Yesterday's rebound is a natural reaction and I wouldn't be surprised to see more wild gyrations for a few days.   What's clear is that the markets need a bit of time to settle down, but as we've see... [More]