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Technical Analysis of Stock Trends | Archive | December
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Archive for December, 2013

Never look a gift market in the mouth…

Posted on Dec 27, 2013 by .

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  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 Actually, on the contrary.  We have been crawling all over this market looking for the first signs of  the inevitable downwave.  Haven’t found it yet, and after a while when you don’t find bad news you begin to fantasize.  Or maybe invent it.  Nonetheless we thin that next week will be the denoumet. […]

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Heart medicine…

Posted on Dec 21, 2013 by .

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(This letter was written in December 2013) The story is told of the conquest of Mexico (a rousing good story with wonderful books by Thomas, Prescott, et al) during which Cortez kidnapped the Aztec emperor, Montezuma, and forced him to turn over the Aztec gold.  At one point Montezuma asked Cortez why the Spaniards were […]

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Tapir raises its ugly head…

Posted on Dec 18, 2013 by .

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  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 Bernanke sparks major rally, changing the context altogether.  Investors and traders have been in a state of high anxiety for months about (ta-dum) the dreaded taper, or as it is sometimes known the removal of the punch bowl.  When Bernanke said that he was just going to pour in a little less gin […]

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Interpreting a mishmosh of data…Casting the runes…

Posted on Dec 14, 2013 by .

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  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=8&dy=0&id=p50934119130&a=266398464 Sometimes there is nothing for it but to cast the I Ching — or the runes or the crystal ball or just to appeal to Congress for help.  That last would be in vain for certain as they just gave us a budget guaranteed to be of no help to the economy.  But […]

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Strange wave…desperately seeking Susan (and stops)

Posted on Dec 11, 2013 by .

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http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864   Where is Madonna when we need her?  Oh, right, in the creche.  What we’re praying for is a trendline.  This wave is without a valid upsloping  trendline.  So we went to our bag of tricks to create feasible stops.  As our knowlegeable readers know we must have a Basing Point to base a […]

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