What’s going on…What’s going on? WHAT…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864   http://stockcharts.com/h-sc/ui?s=GOOG&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=249618391 What's going on? Pretty obvious actually.  Some major players (or player) just took a major piece of risk off the table.  Of course they may have created…

Continue Reading What’s going on…What’s going on? WHAT…

The witching day… October 19…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 October 19, 1987 we were driving in late to San Francisco when we heard the market collapsing.  We had been expecting a major collapse but the next year.  Nonetheless,…

Continue Reading The witching day… October 19…

Switch gears…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 The general market environment has deteriorated over the past few days.  In the SPX a new pattern appears to be emerging-- namely a lower high and a lower low. …

Continue Reading Switch gears…