Archive for June, 2013

Chicken Farrell…doom looms…

Posted on Jun 29, 2013 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p20049953156&a=214966864 We frequently look at Marketwatch  on the web — mainly for laughs but you never know when an idea will come along, and it is necessary to expose yourself to differences of opinion, and occasionally a piece of decent analysis will crop up — like a dandelion in a field of foolishness.  You should […]

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alphabetagammizado — and key reversal days…

Posted on Jun 22, 2013 by .

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    http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p91663446137&a=266398464   alphbetagammizado is a secret code which points to the album of the same name by the brazilian musician Carlinhos Brown — a tour de force which will set your blood boiling and make you forget rock and roll –except for the Beatles.  But enough of cultural notes — today the market […]

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Chinese curse: May you live in interesting times…

Posted on Jun 20, 2013 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p20049953156&a=214966864 8 days of triple digit moves in the Dow ought to be enough to catch the interest of almost anyone — and enough to inspire teutonic schadenfreude in those who have been sitting on the sidelines eating their hearts out because they have missed one of the great bull markets of all time.  But […]

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Gold, silver, bonds…

Posted on Jun 16, 2013 by .

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(no link possible go to stockcharts.com to see larger chart.) Well thius should be discomfiting to silver buffs.  The PnF chart looks for a target of 8 in silver.  There is a clear downtrend in SLV.  Whether it reaches 8 is another question, but the chart is clear.  Good traders should be short silver.  We […]

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Fear and uncertainty… markets for traders and squirrels

Posted on Jun 12, 2013 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p88150915824&a=214966864 Squirrels (and traders) are running about frantically trying to figure out when the next Fed boot will drop.  Cassandras and the guy with the end of the world as we know it sign are advertising a bear market to rival the 07-08-09 bear.  But, as Rudyard Kipling said, if you keep your head when […]

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