Call of Fame

Here are some of my home-run calls:

November 19, 2009
In the second paragraph from the bottom of this post, I wrote: “One thing to watch for on Friday is for the market to fall in a wedge pattern.” And here is a 5-minute SPY chart showing exactly that (click chart to enlarge):

SPY Wedge - 11-20-09

Not bad, huh?

October 23, 2009 – After George spotted a triangle, I posted this chart with a target for the pattern. This is a 15-minute chart of the S&P 500 (click to enlarge):

SPX Triangle

A few days later, KABOOM!:

SPX Triangle - 10-28-09

October 23, 2009 – Just as the market was topping and getting ready to plunge, I warned the bulls:

“QQQQ gap filled. Note to bulls: Run! Run!”

October 22, 2009I wrote:

“The market appears to be winding up for a big move.”

Four days later, the S&P 500 had made a dramatic 50-point plunge.

October 22, 2009I wrote:

“Keep an eye out for crows.”

…and linked to an Identical Three Crows candlestick pattern, which is a crash pattern. A few days later, SPY’s daily chart looked like this:

Crows - 10-28-09

October 19, 2009I posted this chart of the BKX banking index showing a head-and-shoulders top pattern with a downside target:


A few days later, the BKX had plunged down, right through the target:


When I posted the first chart, FAZ was at 18.69. The day I posted the second chart here, FAZ closed at 22.95. So, if you had gotten into the FAZ-mobile when I posted the chart, you would have made a 22.79% return in just a few days.

(Note: many bloggers read this site, and you will often see ideas that originate here, from myself and my readers, appear on other blogs. This is one of places where other writers come to get ideas.)

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