Flag chugs on… in gold and silver

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=5&dy=0&id=p96388783504&a=255869372 Strangely, and rarely seen, the metals markets roared on in spite of the implications of the flags.  We bailed on our shorts and got long again.    It is clear…

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Finish Flags waving in gold and silver…

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=5&dy=0&id=p96388783504&a=255869372   http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=9&dy=0&id=p15218233755&a=236108789 You can't get much clearer flags than those flying in gold and silver today.  Virtually perfect formations.  So what do you do when you have a lead…

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Power Bars…Now that’s a power bar…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p70413847164&a=214966864 We often speak -- half humorously -- of power bars, which are, of course those candy bars bicyclists eat.  In our nomenclature a power bar is a bar that…

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Skating (roller blading) on the razor’s edge…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p55455624798&a=266398464 Don't you understand?  The market is supposed to be asleep -- or on vacation.  All the real traders are in the Hamptons, and the Europeans are not making mischief…

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