Dancing with the Trend

Corrections, Whipsaws, and Things that go Bump in the Day

by Greg Morris

Most market analysts will tell you that market corrections are times when the market takes a rest and declines for more than just a few days.  Ten percent has also been bandied about for years as to what makes a good correction, or at least what generally qualifies as a correction in the market.  Most will also state that these corrections; while painful and downright scary; are a necessary event for a healthy uptrend to resume.  This argument is not unlike the one about recessions being beneficial for the economy.  Free markets require periods to realign from their Read More 

Dancing with the Trend

Technical Analysis Magic

by Greg Morris

Over the decades there are a few things that have attached themselves to technical analysis that bother me.  Actually, they really don't bother me; what bothers me is when I hear someone talk about what great tools they are.  It is very clear to me then, that they don't use real money in their work.  Warning!  This article is loaded with my personal opinions and I'm positive will cause some to be upset.  Please don't; this does not mean I am right and you are wrong, it is just my opinion.  You can tell that this concerns me when I spend the first paragraph Read More 

Dancing with the Trend

Bear Markets! Are They a Thing of the Past?

by Greg Morris

…Or is your measuring stick just too short?  If you are starting to feel that the market really only goes up and that the risk of being invested for the long term is small, you probably need a short refresher course on the equity markets.  Don’t feel bad, failing to recognize or even remember long term trends and cycles in the market is difficult, especially as the bull move in equities seems to go on and on.  Of course the endless, always bullish, babble in the financial media certainly doesn’t help things.  I just saw a perennial bear Read More