Archive for the ‘VIDEO’ category

02/21/13 – Today’s Charts Plus Books, Financial Web Links, Videos, Etc

February 21, 2013


2/21/13 . . . 

I always find it amazing that many people don’t pay attention to the market when it’s correcting.  Somewhere there is going to be a good buy point and these people always miss out on it.  They’ll buy a couple of days later and risk a loss through a whipsaw.

Today Apple established a pattern of two higher lows (three bottoms relative to each other) and it may be finished with its blood-letting.  But the most recent low (today) must stay above 441 for this to be true.  If 441 is broken on the downside, then the next stop to watch is 435 (lowest of recent lows).  After that anything goes.

The recent decline in the stock market.

02-21-13 SPX 5 MINUTE

02-21-13 SPX 5 MINUTE

02-21-13 SPX DAILY

02-21-13 SPX DAILY

Potential wave counts

02-21-13 SPX DAILY



I have accumulated a lot of charts and miscellaneous financial stuff on my computer.

First are a couple of fun items.  A cartoon about how the stock market works (crowd theory in action).

How the stock market works

The first video is the flash crash for one day, May 6, 2010.  This is a video from the Chicago pits and begins with the SP futures as high as 1156 and falling as low as 1056.  That’s a drop of 1oo SP 500 points in one day, or 8.6%.  It was a big deal at the time and the video is quite dramatic and I found it entertaining, but it wasn’t entertainment if you were long that day.

This video doesn’t exist

And then the crash of 1987 where the tail (Chicago) wagged the dog (NYSE).  The FED guaranteed the liquidity of Chicago futures brokers because several of them were broke.  The margin calls didn’t keep pace with the falling market, endangering the companies.

First video is while the market was open.  It’s Ed Hart on FNN (Financial New Network), which was the precursor to CNBC.  Ed Hart was a real gem.  One of the clever quips in my blog is attributed to Ed.

“In 2008 stocks were a good buy . . . . . Goodbye Mercedes, goodbye yacht, goodbye vacation home, goodbye . . . Ed Hart (modified for today by Bob)”

Originally Ed made this statement about the 1987 crash.

In 1987 the Dow began September at 2747 and then bottomed in mid-October at 1616.  These were all intraday figures.  That was a decline of 41% in 6 weeks.  Tell me that’s not scary.  1987 had a lot of timing similarities with 1929, which made comparison even scarier.

This video doesn’t exist

Then Ron Insana on FNN after the market close.

This video doesn’t exist

A FED paper dissecting the 1987 crash, which stated:

“The Federal Reserve responses to the stock market crash illustrates three varieties of tools that can be used when responding to a crisis. The first variety of tools include the high-profile public actions taken to support market sentiment. The most obvious of these is the public statement the morning of Tuesday, Oct. 20 that indicated that the Federal Reserve was taking positive steps to meet market needs for liquidity. The second set of tools employed were those that boosted the liquidity of the financial system. These tools included the use of open market operations and lowering of the federal funds rate to support the liquidity of the banking system as well as liberalizing the rules regarding lending of securities from the system account. Finally, the Federal Reserve encouraged various market participants, in particular banks lending to brokers and dealers, to work cooperatively and flexibly with their customers. These efforts appear to have been vital in allowing markets to open Tuesday morning and made an important contribution to the improvement in market functioning in subsequent weeks.

A Brief History of the 1987 Stock Market Crash with a Discussion of the Federal Reserve Response by THE FEDERAL RESERVE


DJIA Daily        D.J. Industrials Daily Close 1896 – 2008 (csv format).

Purchasing Power of the Dollar

Greenback's Purchasing Power 1800 to 2004

Fear, Hope, Greed Model

Fear Hope Greed

Economic Cycle in Sector Rotation

Economic cycle



Decade Cycle by Edson Gould

Decade Cycle Update by Ned Davis

My Most Important Discovery by Edson Gould

Edson Gould Profile by MTA

Edson Gould Concepts – Information Time & Risk by William Scheinman

“Technically Speaking”, a publication of the MTA with an article about Gould.

Technically Speaking Jan – Feb 2004

Another publication of the MTA about Gould.

Edson Gould Profile

The following are not Gould papers but they are interesting.

While living under Stalin in the Soviet Union, Kondratieff’s theory was rewarded by sending him to the labor camps in Siberia, where he was executed in 1938 (poor guy).

Long Wave in Economic Life by N. D. Kondratieff

The following is an very old book on the Google Book site.  You can download it in the format desired and IT’S FREE.  Downloads are in the upper right of the Google page.

Memoirs of Extraordinary Popular Delusions and the Madness of Crowds

The following are teaser pages from “some” of the publications that I possess from the 1970s.  I don’t feel that I can publish these due to copyright problems.




All of the following books are old and have no copyright protection.  “Copyright endures in most countries for the life of the author and fifty years after his death.”  All of these books are available from Google Books as a PDF file.  Some of the books are not important but I keep them for their historical significance.

A real gem is “Profits in the Stock Market” by Gartley.  It’s old but it has a renewed copyright, but you can download if you look around.

A Bubble That Broke The World By Garrett

A Search For Fhe Beginnings of Stock Speculation by Andrew Macfarland Davis

Benner came up with an interesting cycle concept

Benner’s Prophecies of Future Ups and Downs in Prices by Samuel Benner

Forty years of American finance 1865 to 1907 by Alexander Noyes

Babson was one of only a couple of people that predicted the October collapse in 1929.

Fundamentals of Prosperity by Roger Babson

Bonds_and_Stocks by Roger Babson

Great Epochs in American History by Francis Halsey

Investing for profit by G.C. Selden

Psychology of the stock market by G. C. Selden

The Machinery of Wall Street – Why It Exists, How it Works & What it Accomplishes by G C Selden

Lessons of the financial crisis by Emory Johnson

Plain truths about stock speculation

Practical business forecasting by David Jordan

Rational stock speculation by Walter Thorton Ray

Charles Dow of Dow Jones fame

Scientific Stock Speculation by Charles H Dow

Speculations on the New York Stock Exchange 1904 to 1907

Successful stock speculation by J. J. Butler

The ABC of stock speculation by S A Nelson

The art of Wall street investing by John Moody

The Game in Wall Street and How to Play It Successfully by Hoyle

Hamilton elaborated on the Dow Theory after Dow died.  Hamilton is really the guy that made Dow Theory practical and famous.

The stock market barometer by William Hamilton

The Stock Market by S S Huebner

Maybe you slept through Wealth of Nations in college but it is quite good.

An Inquiry Into The Nature and Causes of The Wealth Of Nations by Adam Smith

The work of Wall Street – An Account of the Functions Methods & History of the New York Money & Stock Markets by Sereno Pratt

The Annals of the American Academy of Political & Social Science

Martin’s Boston Stock Market

A_glossary_of_colloquial_slang_and_technnical terms in use










Next are web links that I’ve accumulated over the years.  I’ve checked them and they are still active.  Some of these links may not be under the correct heading but you’ll figure that out quickly.  Looking at all of these links will take a LOT OF TIME, so make sure you can spare a the time to examine all the sub-links too.  Some of these links are pure gold.

But “Some” of these links are crap, it’s up to you to decide if they have value.  For those links, I have no idea why I saved them, other than I didn’t have time to investigate it when saved (frequently done).

The pages with historical data are the most value to me.  I’m a firm believer in history repeating, “only the details change”.  Consequently I have a lot of historical data.

Remember when CD’s actually had a decent return and 30 day T-Bills yielded 16.3% in May 1981.  It going to be awhile before we see that again.  Perhaps a future collapsing dollar could precipitate a large advance in interest rates?  Who knows?

Banks and CD’s


Barrons WSJ

Bradley Dates

Future Margins

Futures Quotes


A Firefox’s add-on named “Scrapbook” can capture pages onto your hard disk memory.  I frequently use this to capture data.

Weekly Update^DJI^DJT^DJU^IXIC



Auto Sales

Retail Sales












Market Breakouts


MasterData Charts$INDU.htm$TRAN.htm$RUT.htm$NDX.htm$SPX.htm$SPSUPX.htm$MID.htm$SML.htm$XBD.htm$BKX.htm$SOX.htm






Stock Screener

Insider Transactions





Cycles & FLD Lines$INX&data=A&date=061207&den=HIGH&divd=n&evnt=ADV&grid=N&jav=ADV&size=D&sky=N&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=026&argd=1&arge=24&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk$INX&data=A&date=061207&den=HIGH&divd=n&evnt=ADV&grid=N&jav=ADV&size=D&sky=N&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=026&argd=1&arge=49&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk$INX&data=A&date=061207&den=HIGH&divd=n&evnt=ADV&grid=N&jav=ADV&size=D&sky=N&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=026&argd=1&arge=99&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk$INX&data=A&date=061207&den=HIGH&divd=n&evnt=ADV&grid=N&jav=ADV&size=D&sky=N&sly=N&vol=Y&late=Y&ch1=011&arga=&argb=&argc=&ov1=026&argd=1&arge=198&argf=&ch2=&argg=&argh=&argi=&ov2=&argj=&argk=&argl=&code=BSTKIC&org=stk



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