Archive for July, 2011

Your invitation to the slaughter has been postponed…

Posted on Jul 31, 2011 by .

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The market Monday very much depends on what the news is out of Washington.  We were expecting a bloodbath, because we were depending on the politicians to totally mess up the debt limit confrontation.  Damned politicians.  Can’t depend on them for anything.

They still have a chance to mess it up, of course.  But there is now no clarity as to which way to bet, so maybe best not to bet at all.

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Hobbits attack market… SnP targets for a sell off.. (crash?) The 4% indicator

Posted on Jul 31, 2011 by .

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Another nail in the market’s coffin   illustrating the 4% rule in the Value Line.  Note that even the Value Line shows head and shoulders characteristics.

 

While the politicians are busy burning down Rome the market is not ignoring their handiwork.  Last week the market threw off a sell signal that has ominous implications in the present circumstances.

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Still in the frying pan…

Posted on Jul 25, 2011 by .

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We crawled out of our nuclear fallout shelter, blinked in the sun and said — how about that.  They haven’t destroyed the market yet.  We immediately rushed out and bought gold to hedge our risks.  And thanked the market gods that they gave us a chance to do this.  Mamon akbar!  Mamon akbar!  (As everyone knows — or should know — Mamon is the god of the markets.)

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Monday, bloody Monday —

Posted on Jul 24, 2011 by .

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In general we view the markets with considerable equanimity.  Like Andy Schleck fleeing from the pelonton we are “not afraid to lose”.  And in general not afraid of what the markets can do to us.

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Treachery — in Washington? — in the market?

Posted on Jul 22, 2011 by .

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We have remarked on the unreliability — treachery if you will, or false signals — that are inherent in mule –or sideways– markets.  This may be seen at e above where the new high was quickly turned back on what should have been an acceleration.  That line, from March 09 is crucially important.  While broken the market can nullify the break by powering upward, which it appears from the past few weeks it was attempting to do.  The line from March 09 is now a resistance point.

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