Andre Gratian
Expert Market Analyst & Founder of Market Turning Points
When Andre Gratian was a stock broker years ago, a friend introduced him to technical analysis of the market. Consequently, it is not an exaggeration to say that Andre fell in love with this approach! Ever since then, it has become an increasingly important part of his professional life. Gratian has studied the works of Wyckoff, Edwards & Magee, Edward J. Dewey (cycles) and many others. However, one of my most profitable undertaking has probably been to study Point & Figure charting, which he finds invaluable in analyzing stocks and indices. If he were restricted to one methodology, this is the one that he would choose. This well-rounded background has given him what he feels to be a special insight into the stock market, facilitating the recognition of meaningful patterns and the ‘turning points’ in all trends, whether they be short or long term. Andre feels very comfortable discussing the stock market and passing on meaningful information to others. His subscribers include individuals and money managers throughout the world. Moreover, his Newsletters are currently published on several financial sites, here and abroad.
Andre Gratian Articles
Another minor top was projected for this week, and the market complied once again. We’ll continue this price action until we can say “the intermediate top has arrived!” But that could still be a couple of weeks away and, in the meantime,...
We are getting close to an intermediate top, but not quite there, yet. Another minor top, followed by another minor correction is likely to come first. A decline below 2521 on the next correction would alter that scenario.
We are approaching the full count from the 2500 re-accumulation level, but it is likely that we will get there through a series of fits and starts and not directly. This will be dictated by the very nature of the market itself that...
SPX failed to take a breather at the 2530-40 phase count derived from the re-accumulation pattern created at the 2500 level. Instead, unusually strong upside momentum which drove the fear and greed index to new, super greed highs marched...
The recent market action has formed a congestion pattern on the P&F chart which counts to 2530-40 which is consistent with a count taken at the 1810-1820 level, but there could be a mini-pause at Friday’s high of 2519, first.
Now that the Irma-induced delay of the rally is behind us, SPX was allowed to reach its long-standing 2500 target. But will it stop there and reverse to start its descent into October/November, or will it move higher, first? There is some...
Next week – especially Monday and Tuesday – are critical for SPX. If it is to extend its rally to meet its higher projection, it will have to have limited weakness in order to resume its uptrend by the middle of the week.
Next week SPX must decide if it ends its rally at the current level, goes a little higher first, or continues all the way to 2500+, which has remained an unfilled projection made long ago.
Expectations are that the rally from 2417 has a little more to go, possibly to 2479, before the secondary (intermediate) trend resumes.
One could argue that we will not have absolute confirmation that an intermediate downtrend has started until we drop below 2405, and that would be reasonable. That level could, in fact, hold the decline in check for a few weeks, as...
