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Ron Jaenisch's  Instablog

Ron Jaenisch
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A personal student of Dr. Andrews of Median Line fame. Has articles published in several magazines including Stocks and Commodities, Futures and Traders World. For over 10 years has been trading and teaching the Advanced Andrews Course at www.andrewscourse.com and www.precisiontrader.com
My company:
RCS
My blog:
precisiontrader
My book:
Advanced Andrews Course Manual
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  • How Long Will This Market Down Move Last?

    In the past two years, corrections in the S&P were short and sweet. And once again the market appears to be in a correction. At this point many would ask the question ....why?

    The answer is very straight forward. The top has a very similar pattern to the two other important tops, the last of which occurred was in 2007.

    The discussion in the precisiontrader discussion group prior to the top was of the Dow making it to 16182, a Fibonacci number. However the market made it to a value that was 44 points short of that number.

    Since the market reversed at the correct geometric point, its good enough as they say.

    What happens next?.......does it go up for new highs and make it to the next reversal target which is about 8% higher?

    Does the market go down until the end of the summer and then decide what to do next, after knowing more about the midterm election results?

    Does it keep going down until 2017?

    Time will tell

    Tags: SPY
    Dec 04 2:44 PM | Link | Comment!
  • Will The S&P Pattern Change?

    For years the pattern in the S&P was that prices generally go down on Friday and up on Monday.

    On Monday of this week the morning commentator announced that for the entire year so far the S&P went up on Friday and up on Monday.

    Then surprise that day it changed. It went down for the first time in all of 2013.

    Today on March 8 at the open prices opened at new highs for the year and.........now they have the chance to go back to the normal pattern.

    Tags: SPY
    Mar 08 9:57 AM | Link | Comment!
  • S&P At Important Point

    As you can see on the chart below the market has been moving nicely between the Babson lines and often reversing at the Babson lines drawn. Today prices exceeded yesterdays highs by a tad and now are ready to drop or pop.(click to enlarge)

    Feb 28 10:24 AM | Link | Comment!
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