1000 point days and super moons…

Posted on Feb 11, 2018 by .

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http://schrts.co/CuWr77

Of all the reasons advanced for the recent sell-off, the pundits have failed to mention  the super moon which maxed out the 31st.  As good an explanation as any and better than most.  To waste time trying to explain the mini-crash is to take your eye off the ball.  Instead let us analyze how we are going to get the ball out of the rough.  Friday’s 1000 point range can offer some clues.  The shape of the candle is interpreted as a “hammer”  as in, the market is hammering out a bottom.

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May you live in interesting times…

Posted on Feb 06, 2018 by .

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http://stockcharts.com/h-sc/ui?s=%24INDU&p=W&yr=0&mn=3&dy=0&id=p45113849267

To remind you of the Chinese curse:  may you live in interesting times.  Interesting enough for you?  A day after the biggest day in history with trillions of value being casually erased by unfeeling robots.  Robots?  Yes sadly, robots.  The rhythm of the trading clearly revealed that trading was driven by robots.

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Rest of the last letter…

Posted on Jan 29, 2018 by .

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http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=574130367

Absent minded?  Who’s absent minded?  Well we did forget the final part of our last letter — our first mistake this year.  So here is what we forgot to say:

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Playing with fire…

Posted on Jan 29, 2018 by .

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http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=574130367

As our readers are well aware we detest making predictions and forecasts —  and we generally mock and deride analysts who do.  so we have been putting off writing this letter for some time.

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