April 2009 - Richard Carlin's Blog

  • Battle of the Chart Patterns 2

    The market continues with its battle between a bullish breakup and a bearish breakdown. On the daily chart the SPY has broken above its down trendline, then come back to test the trendline and then started to head up as if the test was successful. This...
  • Battle of the Chart Patterns

    As we open this Monday we have a bullish and a bearish pattern in the S&P 500 index. On Friday we had a nice breakout up through the down trendline in the SP500. Not only did this breakout close on the daily and weekly chart but it also occurred on...
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  • Interesting Charts

    Well Its clear by now that the last down wave was already completed and we are in a good bear market rally. I say bear market rally and not a bull move for three reasons. First, no bear market has ended before the end of the 4 year cycle since World War...
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