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
The best technical evaluation of the chart pattern that SPX is making is that the index has started another down-phase that could turn out to be similar to the first one, which had a decline of about 250 points. Should it be exactly the...
SPX looks as if it made a classic counter-trend rally top on Thursday -- and confirmed the reversal with additional weakness on Friday. I still believe that whatever corrective pattern it made, it was the mid-point of a measured move...
Since its sharp decline to 1865, SPX has worked its way into a consolidation which has the appearance of a triangle. If it is in fact a symmetrical triangle, the odds favor a continuation of the selling after pattern completion. This...
Last week ended the rally after it had a typical 50% retracement of its initial decline. By Friday, on the bar chart, the index was trying to hold on to support created by a critical short-term trend line which had already been violated...
Cyclical pressure which finally broke the resistance of the indices appeared to lift this week as traders and bargain hunters took advantage of a sharply oversold market. Whether or not the relief rally ended with a 50% retracement...
Last week, the dam which had held back a price decline for many weeks, finally broke! That should put an end to the discussion about whether this is just a long-term consolidation, or an intermediate top.
SPX is undergoing a consolidation in a downtrend using the 200-DMA as support. A daily close below 2073 which does not hold, should bring about the next challenge to the 2040 major support level.
My last newsletter was entitled “BULLS BEWARE”! In the above analysis, I have attempted to show that in spite of last week’s rally, nothing has really changed and time is running out for the bulls to show that they have the wherewithal to...
Last week, I mentioned that the technical aspect of the rally left something to be desired. This was proven correct by the SPX action in the past week. With the technical deterioration not only continuing but increasing, the 1040 level...
With the Greek situation resolved (at least temporarily), and bullish statements about the economy by Janet Yellen, the market staged a powerful relief rally last week. There are a few contradictions which will have to be resolved if it...
