Archive for April, 2013

Restoration of order..maybe…

Posted on Apr 24, 2013 by .

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0424spxhttp://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p53507150799&a=214966864

Frightened by the proximity of the trendline prices rebounded — even with fake tweets bombing the market for 4 minutes.  WE now have three days of strong rebound.  The pattern is somewhat difficult to understand.  It might be an Alpha-beta-gamma (http://www.edwards-magee.com/?p=3776  http://www.edwards-magee.com/?p=3803)  (Previous letters explaining Alpha-beta… pattern.)  On the assumption it might be we lifted part of our hedge.   Readers who sat patiently and watched the squirrels wound up winning the nuts –assuming we take out the last high.

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