The Rise and Fall of Nokia NOK

October 30th, 2008 by Corey Rosenbloom

Nokia (NOK) Weekly:

Nokia investors have experienced a very wild ride in a short period since the start of 2006.  From a low near $16, Nokia rose to $40 per share in two years (though not exceeding is 2000 split-adjusted $55 high) and then has spent the better part of 2008 in virtually total free-fall.
I did […]


Strange SP 500 Confluence Ahead

October 30th, 2008 by Corey Rosenbloom

The S&P 500 is striking a strange chord that will resolve eventually into a potentially large trend move - the question is “Which way will it move?”  Let’s see this and look for clues.
First, the S&P 500 Daily Chart:

If you look at this structure, you likely see a powerful “sell” signal setting up as price […]


CMT Level 3 Exam Today and MTA Sponsorship Request

October 29th, 2008 by Corey Rosenbloom

Today’s the big day I’ve been studying almost two years to accomplish - the final examination in the Market Technicians Association’s Chartered Market Technician Exam track (Level 3 written essay exam) Wednesday afternoon.
Wish me luck in this four hour essay exam that makes all aspects of Technical Analysis and Market Dynanamics (including psychology and sentiment) […]


A Recent View of Goldman Sachs GS

October 28th, 2008 by Corey Rosenbloom

Financial giant Goldman Sachs (GS) held its own relative to other large financial institutions who suffered worse or collapsed entirely.  Although Goldman recently broke beneath $100 per share recently, it might be worth looking at this stock’s recent journey to see if we can glean any insights.
Goldman Sachs (GS) Daily Chart:

The daily chart is clearly […]