Yearly Archives: 2014

S&P 500 ready for Santa Rally

By | December 11, 2014 12:58 pm

The S&P 500 closed lower by 1.64% on the day to 2026.14.  Those who write headlines are blaming the fall on falling energy prices but there is another possibility for why we fell. After the double top (marked in blue above) in the S&P broke 2050, a pattern target of 2021 was triggered.  Today’s low… Read More »

BHEL,LT and BPCL ABCD Zig Zag pattern analysis

By | December 11, 2014 7:11 am

BHEL Any close above 254 short term target 267. Buy above 256.3 Tgt 260,263 and 267 SL 254 Sell below 252 Tgt 249,245 and 237 SL 254     LT Any close above 1542 stock is heading to 1563/1597. Buy above 1550 Tgt 1560,1575 and 1586 SL 1544 Sell below 1538 Tgt 1533,1523 and 1507… Read More »

Why A Severe Drop in Oil Prices Is A Problem

By | December 9, 2014 11:40 am

Issue 1. If the price of oil is too low, it will simply be left in the ground. The world badly needs oil for many purposes: to power its cars, to plant it fields, to operate its oil-powered irrigation pumps, and to act as a raw material for making many kinds of products, including medicines and… Read More »