Andre Gratian
Expert Market Analyst & Founder of Market Turning Points
When Andre Gratian was a stock broker years ago, a friend introduced him to technical analysis of the market. Consequently, it is not an exaggeration to say that Andre fell in love with this approach! Ever since then, it has become an increasingly important part of his professional life. Gratian has studied the works of Wyckoff, Edwards & Magee, Edward J. Dewey (cycles) and many others. However, one of my most profitable undertaking has probably been to study Point & Figure charting, which he finds invaluable in analyzing stocks and indices. If he were restricted to one methodology, this is the one that he would choose. This well-rounded background has given him what he feels to be a special insight into the stock market, facilitating the recognition of meaningful patterns and the ‘turning points’ in all trends, whether they be short or long term. Andre feels very comfortable discussing the stock market and passing on meaningful information to others. His subscribers include individuals and money managers throughout the world. Moreover, his Newsletters are currently published on several financial sites, here and abroad.
Andre Gratian Articles
While the action of SPX for the past week is clearly excessive at this stage of its uptrend, it is only suggestive of a period of volatility ahead as it forms a congestion top while reaching the projection target generated by the last...
The 20-wk cycle, whose low occurs in a few days, is likely to trigger the initial phase of a larger decline which should continue for many more weeks, probably in stages rather than all at once.
SPX may have made a temporary top at 2695 on 12/18, followed by a possible secondary high of 2693 last Thursday. On Friday, it declined down to 2678.13, which is a critical support level, and bounced weakly to 2684. The 20-wk cycle is due...
Nothing has occurred during the past week to alter my view that a top is in the making with a subsequent initial decline into mid-January or later.
The price action of the past week has added to the perception that SPX is in the process of creating an intermediate top.
Erratic and volatile behavior is often associated with important market tops. I believe that SPX is currently conforming with historical patterns.
This should be one of the last minor tops before the arrival of a much more serious correction, most likely the most serious one since the 1810 low in the SPX. From a time standpoint: a little more time is required. Price-wise: a few more...
It is unclear if SPX has concluded its correction from the 2597 level and is now ready for the final up-phase of the rally. A fairly important – but still minor – cycle low is only a week away and this could extend the correction.
The current correction in SPX is likely to continue a little longer and deeper. It is also expected to be the last one before an intermediate top is struck.
SPX is three to four weeks away from an intermediate top. A few minor reversals to build an adequate distribution phase on the P&F chart will first be required.
