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What the charts Say – Bullish on Myers Industry

Myers Industries declined from $24.74 to $12.59 (A-B) and then settled in a bullish technical pattern known as a “W” formation (dashed lines). The stock had a breakout above the neckline of this pattern recently (dotted line) and reached a recent high of $19.45 (C)....

This could be the bull market’s last hurrah

This could be the bull market’s last hurrah  Ron Meisels says market could go up another 10% before bears take charge. By HOWARD GOLD, COLUMNIST We’ve heard it over and over again, for years: This bull market is getting long in the tooth. It just celebrated its eighth...

Report Card for 2016

Market Forecasts: Phases & Cycles had an excellent year of forecasting the major direction of both the New York and Toronto markets. As the year began, our January 5th, 2016 Market Comment pointed the way: “THE OUTLOOK FOR 2016: THE BULL MARKET IS BRUISED BUT...

What the Charts Say – Bullish on Terex

Terex Corp. declined from $45.46 to $22.01 (A-B), had a recovery rally to $29.32 (C) and then settled in a bullish technical pattern known as a V-Extended (dashed lines). The subsequent move above this formation (D) signalled the breakout from the pattern. The stock...

What the Charts Say – Bullish on Canadian Utilities

Canadian Utilities declined from $44.27 to $29.49 below its falling 40-week moving average (40wMA). In early 2016, it rallied above its average to signal the start of a new up-trend (dashed line). After a minor correction to support near ±$35 (C), the stock resumed...