Archive for July 2014

Russell 2000 Then & Now

July 31, 2014

07/30/14 . . .  by Bob Karrow

MY CHARTS

  • My charts consist of all the items that Paul Desmond warned about in his paper, “The Warning Signs Of Major Market Tops”, which you can find at the following link

WAVE COUNTS

  • If you aren’t familiar with my unorthodox wave counting method, there is a simple explanation at the beginning of the glossary. The glossary also contains lots of other details (explanations) that don’t appear in the blog.

TWEETS

T-THEORY ®

  • A lot of visitors to my blog are looking for information on T-Theory ®.  The below link will take you to the index of all of Terry’s comments during the period Dec 2003 to June 2011.  There are a considerable amount of charts and audio material from Terry Laundry in this section.
  • If you are looking for the ability to make your own predictions using T-THEORY ®, I would highly recommend Terry’s Encyclopedia on T-THEORY ®

EDSON GOULD

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I had to pass along Greg Schnell’s comments from today.

  • Russell 2000 Then & Now
  • From Greg Schnell’s Market Message

The Russell lost 31% in 2011.

Here are some similar setups that you can see in Chart 5 that reflect to current conditions.

1) April top , early July top 2011
March top, early July top 2014

2) Russell falls below the 200 DMA on the last day of July in 2011
Russell falls below the 200 DMA on the last day of July in 2014

3) Stalled at the high the first week of July 2011, closed on the month low
Stalled at the high the first week of July 2014, closed on the month low

4) MACD profile from 2011 shows sharp drop on the Early July high
MACD profile from 2014 shows sharp drop on the Early July high

5) Russell consolidation / topping pattern in 2011 with 7 months of sideways movement.
Russell consolidation / topping pattern in 2014 with 9 months of sideways movement

RUT 2011 TO 2014

RUT 2011 TO 2014

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  • YM is DJ Industrial futures
  • NQ is NASDAQ Composite futures
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