Austin Galt

Austin Galt is The Voodoo Analyst. I have studied charts for over 20 years and am currently a private trader. Several years ago I worked as a licensed advisor with a well known Australian stock broker. While there was an abundance of fundamental analysts, there seemed to be a dearth of technical analysts. My aim here is to provide my view of technical analysis that is both intriguing and misunderstood by many. I like to refer to it as the black magic of stock market analysis.

My website is www.thevoodooanalyst.com 

 

Articles by Austin Galt

The Dow Index has been smashed over the last week, which has brought out the usual doom and gloomers predicting Armageddon once again. There are several so called experts now predicting a 1929 style bear market.

Admittedly, it is hard...
The BSE SENSEX Indian stock exchange looks to be tracing out its first steps in a new bear market…so let’s review the action using the monthly and weekly charts.

BSE SENSEX MONTHLY CHART



The move up into the all time high at...
The USDJPY currency pair has traded exactly as laid out in previous client analysis and a correction now appears underway. Let’s analyse both the medium-term and long-term pictures using the weekly and yearly charts.

USDJPY WEEKLY CHART...
There has been quite a bit of chatter in recent times about the bond bubble bursting. So, have we seen the final high in bond prices or final low in interest rates? No, I don’t believe so, but we are indeed approaching the final phase of...
Let’s take a bottom up approach to the analysis beginning with the daily chart.

EURUSD DAILY CHART



We can see the recent rally busted above the previous double top which is bullish in my opinion. We just await a higher low and...
Of all the indexes I cover, there is no other stock market that I am more bearish about than the Japanese index, the Nikkei. But let’s be under no illusions. The massive secular bear market that has been in force since the 1989 top is done...
The French stock index, the CAC40, looks to have the final top to its bull market already in place. Let’s analyse the technicals using the weekly, monthly and yearly charts.

CAC40 WEEKLY CHART



We can see the parabolic rise by...
I’ve said it before and I’ll say it again:  Forget about testing the 2009 lows. It ain’t gonna happen. Not as far as I’m concerned anyway. The final low appears to be in place…and while I think the downtrend is over, I suspect the...
Let’s analyse the technicals of these two indexes, beginning with the DJ Transports.

The Dow Jones Transportation Average is a stock market index of the American transportation sector. Price last traded at $8647.

Let’s take a bottom...
Today the 16th April 2015 may very well go down as the high of the bull market that began in 2009. Let’s take a look at the recent action using the daily chart.

FOOTSIE DAILY CHART



Price hit a high today at 7119 and there is some...

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