ERLN <go>
5^38
364,000,000,000,000,000,000,000,000.
© 2009 Phil Erlanger Research Co., Inc.
5^10 = 10,000,000
Erlanger Model: 2 Factors
Observing
2 Factors
Question:
Question:
Short Squeeze:
Price is Advancing
© 2009 Phil Erlanger
Research Co., Inc. SQUEEZE PLAY
Long Squeeze:
Price is Declining
© 2009 Phil Erlanger
Research Co., Inc. Price Action
Focus on:
TREND INDICATORS
SEASONALITY
© 2009 Phil Erlanger
Research Co., Inc. Trend Indicators
Focus on:
RELATIVE STRENGTH
Trend Direction – S&P 500
Relative Strength – Amgen
Relative Strength – Amgen
Relative Strength – Amgen
Relative Strength – Amgen
© 2009 Phil Erlanger
Research Co., Inc. Seasonality
-41.16%
Market Commentary
Mega Declines:
The Bad
-46.59%
Market Commentary
-49.39%
-84.49%
Market Commentary
60.87%
-54.90%
Market Commentary
Market Commentary
Market Commentary
Market Commentary
Market Commentary
Market Commentary
Market Commentary
Market Commentary
Market Commentary
Market Commentary
How to Find Us on Bloomberg:
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www.ErlangerResearch.com
www.GoodMorningWallSt.com
Phil Erlanger Research Co., Inc.
P.O. Box 2680
Acton, MA 01720
phil@erlanger.com
Tel.: 978-263-2536
Fax: 978-266-1104