Knocking at the door… and speculating about what’s on the other side of it…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864   After a paroxysm of fright occasioned by the emergence of the zombie Berlusconi from the political grave the market promptly recovered its senses and took back lost ground. …

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Living dead scares hell out of market…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864 European news papers are referring to the revival of Burlusconi in the Italian elections as the rise of the living dead, and as a vampire, and that is certainly…

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Measured move…

http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=4&mn=0&dy=0&id=p95004260755&a=268628424   Our esteemed colleague Jack Schannep (thedowtheory.com) has reminded us of an old technical analysis method -- that of taking a wave finished by an (effective) bear market, measuring…

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