Tom Dorsey, founder of Dorsey Wright & Associates, was recently interviewed by Steve Forbes. http://www.riachannel.com/steve-forbes-interviews-tom-dorsey-founder-dorsey-wright-associates/
We get asked — often — “how can you be so sure about these charts? Look at what the market did yesterday! Are you sure we’re doing the right thing?” Now, one of our favorite movies is “My Cousin Vinny” And when we hear...
We have two quick updates on the S&P 500 and NASDAQ Composite indices today. Both are sending encouraging signals on their point and figure charts. They seem to be setting up for one of two potential patterns: the bullish catapult or the shakeout. Both the bullish...
Last week, it was announced Apple will be added to the Dow Jones Industrial Average on March 19th. Since the Dow Jones holds just 30 stocks, one has to go. AT&T is being dropped on that day. There is no “magic formula” for how a company gets added to...
The Crude Oil chart over the past six months (since August 2014) has been in a free fall. The question now, is the crude oil chart merely glancing off the third floor awning (on the way to a splat on the sidewalk)? Or is crude oil forming a base that might become a...
Here at Mullooly Asset Management we use a form of technical analysis called point and figure charting to manage investments. In point and figure, one of the main purposes the chart has it to help us identify trends. Whether we’re looking at a stock, index,...
