About Author: Scott Myles

Posts by Scott Myles

  • A market correction is sometimes defined as a drop of 10% to 20% over a short period of time. It differs from a bear market mostly in that it has...

    Correction

    Posted on June 6, 2008 | No Comments
    A market correction is sometimes defined as a drop of 10% to 20% over a short period of time. It differs from a bear market mostly in that it has...

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  • When a stock’s price temporarily abandons its trend behavior for a period of time before continuing on its existing trend. Traders should look for a buying opportunity when the price...

    Continuation Pattern

    Posted on June 6, 2008 | No Comments
    When a stock’s price temporarily abandons its trend behavior for a period of time before continuing on its existing trend. Traders should look for a buying opportunity when the price...

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  • The rally that began March 17 is over and the market has entered a correctional phase. However, the market has dropped very far very quickly and a short-term bounce may be in store, perhaps into the 20-day moving average area. Weakness in major financial stocks lead us to believe that the credit market woes are not entirely behind us. We expect continued downside in the S&P to the 1325-1332 level over the next few weeks or so, before a potential summer rally.

    Market Outlook ~ 5/27/08

    Posted on May 27, 2008 | No Comments
    The rally that began March 17 is over and the market has entered a correctional phase. However, the market has dropped very far very quickly and a short-term bounce may be in store, perhaps into the 20-day moving average area. Weakness in major financial stocks lead us to believe that the credit market woes are not entirely behind us. We expect continued downside in the S&P to the 1325-1332 level over the next few weeks or so, before a potential summer rally.

    Continue Reading...

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