I promised that from time to time, as conditions warranted it, I would send a follow-up to my original article about what the charts tell me might be coming over the next year, give or take a few months. On Friday (9-30), we closed the third quarter of 2001 and the charts showed me a picture that said I better get hopping and get an update out – NOW.! So, let’s see just what happened at the close Friday.

(Click chart for full size view.)

I have inserted the chart date 9-30 and here is its explanation (by the way, those that sent me their e-mail address last article are getting the chart full-sized. If you would like to be added to this special list, send me your e-mail address to maxxle@aol.con and next article I will send you a full screen chart, too) [Read more...]

With all the volatility the last several weeks, the kind I felt might ensue from the small Head and Shoulders formation I told you about on 8-4-11, I feel it is now incumbent on me to have you step back from the close-in “chart stuff” of that day and tell you what I see as a potential for the next 6-12 months. Why? Because there is a possibility that has incredible implications!

Now, don’t get me wrong here. What I am about to unfold to you is a POSSIBLE outcome on the chart, based on a formation that is about 60% finished. Can the unfinished formation fizzle out? Of course. But, with what I will give to you in this article you will have a road map to see if what is happening continues to fit what the current chart seems to saying might happen.

OK. Here we go! [Read more...]

BawldGuy Here: How cool is this? After a very nice phone conversation with my friend and mentor Max Whitmore, I offered him ‘carte blanche’ writing privileges here. He can write a post a year or a post a day — his choice. As I opened my laptop this morning I was surprised to see he’d sent me a post.

Though I don’t recommend stocks, in fact I stay away from them, and always have, Max’s understanding of current activity is profound. It’s allowed him to predict with scary accuracy, (not perfect, but scary) what is most likely on deck. This is relevant to real estate investors cuz it speaks to the economy in general. Make sense? It sure does to me.

For those who know of Max, his investment career as a ‘Chartist’ has been iconic. He’s not missed a major market move in almost half a century. He’s the real deal, people. Sorry for runnin’ on here, but I’m a bit giddy. Here’s Max.

Written By — Max Whitmore

It has been a long time since I sat down to write a column, but today seems like a really good time to do it! I have been enjoying my retirement a lot, but I must admit that I do miss writing when an exciting (of course, that is a relative choice of words, depending on whether you are long or short) event is unfolding on the charts. And believe me this one is exciting! [Read more...]