Strange wave…desperately seeking Susan (and stops)

Posted on Dec 11, 2013 by in Letters

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 stop on.  But we have not had a downwave since October.  That alone should make searchers after the Snark nervous.

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