Archive for November, 2013

1700 — 1800 –what’s a hundred points between friends?

Posted on Nov 25, 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 probably left heads spinnig with our last letter which blithely  called the SPX a hair off 1700.  Well, as they say, even Homer nods…  But he doesn’t sleepwrite.  (This does not refer to Homer Simpson.)  Prices continue to dance about 1800.  Not a tango.  A Balkan folkdance.  Going in circles and circles. […]

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Dow 16000. SPX a hair off 1700…

Posted on Nov 22, 2013 by .

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  http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=6&dy=0&id=p62060422991&a=205639989 An important psychological barrier fell today as the Dow closed above 16000.  Here a close up of the Industrials.   The three humps here represent  a base which should impel the Industrials upwards.   Conventional Point&Figure chart analysis says the immediate target is 16200.  We think it is probably much higher and are […]

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Market animals and…Thanksgiving

Posted on Nov 19, 2013 by .

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EVery year, at Thanksgiving and Christmas, we take a moment out to think about hunger.  Not ours.  Here is a San Francisco Chronicle editorial on the subject: http://www.sffoodbank.org/in-the-news/san-francisco-chronicle-editorial-food-banks-cant-make-up-for-food-stamp-benefit-cuts  It’s not much, but right now you can double your contribution because of a matching grant from Unilever: www.supportfeedingamerica.org/Holiday We  got two for one leverage by donating. […]

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It must follow as the night doth the day….

Posted on Nov 16, 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 What must follow as the…whatever… is as we have remarked at least twice is a downwave after an upwave — except when the upwave is followed by a sidewave.  Which is what happened in this case, so it is worth discussing.  The last upwave was 15 days (129 pts, 7% m/l), followed by […]

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Hearts, Diamonds…Trumps

Posted on Nov 11, 2013 by .

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We are flooded with opinion and BS from professionals, amateurs, market manipulators and worst of all the talking heads on Marketwatch.  These are all carrying signs that say the sky is about to fall, or the world as we know it (twawki) is about to end.  The ignorance of these people is unfathomable.  And yes […]

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