Andre Gratian
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
Last week, principally on Friday, SPX (and the market in general) experienced the sharpest and most spontaneous correction in quite a while with little, if any, warning. For reasons stated in the above analysis, I feel that the bias does...
I have seriously underestimated the extent of the uptrend which started with the low of the 7-year cycle at 1810. I was looking for a phase count to take us to a 2660 top, but that turned out to be a short-term stop with SPX only pausing...
SPX entered its projection zone at the beginning of last week, and has begun to show signs of a profit-taking/distribution phase which should eventually lead to the formation of a fairly important top and the deepest correction since late...
SPX is ostensibly approaching a time-price projection; but it could hesitate reaching the final high before having an intermediate reversal, even though it is in sight, unless the move ends in a buying climax which would bring about a...
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.
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