Love notes from the market…

Posted on Sep 12, 2017 by .

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

Of course we pay attention to those famous gurus who called the crash of ’87 and ’92 and 2001 and 2011 and 2013 and…who are now predicting a (at least) pullback of 5%.  (And who are the wall of B.S. the mareket must climb.)  We pay attention to these Cassandras and also to hurricanes Harvey, Irma, Jose, and Trumpster.  Then we get charts like this and wonder why we waste our time.  Two gaps and a new high and a triple digit day in the Dow.  What’s not to like?  We’re adding on to our UPRO position.

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Price rides Zeta wave…

Posted on Aug 30, 2017 by .

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http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

Readers will immediately see the A-B-G-Z pattern being fulfilled here.  (See our recent letters.) We have almost always found buying at this point to be profitable.  Often in these cases we set a higher stop on the add-on than on the basic position.  In this case 2310.72

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Who you gonna believe? the press or your lying eyes…?

Posted on Aug 03, 2017 by .

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http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=6&dy=0&id=p81758643050&a=424811737

Here we have the classical case of 22000 talking heads trying to call the top, but if you look at the chart it screams bull market.  And not only that , but a new milestone: 22000.  Merrill Lynch is bullish on America.  So are we.

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

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