Allan Harris'  Instablog

Allan Harris
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After practicing law for way too long, I moved my family to the beach (Kiawah Island, South Carolina) to trade stocks for a living. After making and blowing a fortune in the technology bubble of the 1990's (and then again in 2006-08), I discovered the art and science of trend following. In... More
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The Constitution, The Declaration of Independence, and the Articles of Confederation
  • The Most Important Chart In The World 0 comments
    Dec 3, 2012 3:08 PM | about stocks: SPY, DIA, QQQ, IWM, AAPL, GOOG

    (click to enlarge)

    OK, a little hyperbole. Nonetheless, a break of the Wave 4 Channel coincident with a Stochastic sell signal will generate a 70% probability of the DJIA falling to the 11000 area in the weeks ahead. I know about the bullish seasonality, it's all over CNBC, Bloomberg TV and Fox Business. With such a sweeping consensus, how could the market possibly go down in December?

    Stocks: SPY, DIA, QQQ, IWM, AAPL, GOOG
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