Archive for February, 2014

Dentistry for chickens…

Posted on Feb 26, 2014 by .

1$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 Chicken dentistry ranks among the most difficult of the medical arts.  If the chicken is not hard to catch in the first place (being often in a hot sweat panic about the sky) he is, in the second place not possessed of any teeth to pull.  A conundrum not unlike our present market […]

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Betwixt and between…

Posted on Feb 22, 2014 by .

0 Prices encountered resistance last week and left the market betwixt and between.  Failure to take out the old highs would create an uncomfortable short run situation.  This will be the setting for next week.  Somewhat the same situation exists in the gold miners (GDX).  Several letters ago we remarked that the gold miners […]

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Hogwash, balderdash and humbug…1929 analogue or 1929 SPX…

Posted on Feb 17, 2014 by .


Recently the media and the punditry have been pumping gas into a specious bubble.  We show here the graphic they are using to gain attention and incite fear and confusion into investors.  They are saying that the behavior of the market at present is analgous to that of the market in 1929.  Ohhh–scary.   (From […]

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Market thumbs nose at 1929 analogue…bp rises…

Posted on Feb 14, 2014 by .

0$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 The present price wave has created a new Basing Point as illustrated, and the trendline from nov12 (2) has dropped down to anchor on that Basing Point.  The rising Basing Point has created a new stop at 1633.94.    This is fairly consequential.  The old new high stop remains where it is– not […]

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Rocket leaving yesterday. Don’t miss it.

Posted on Feb 11, 2014 by .

1 We love to be on the train as it pulls away from the station and we wave at investors with opinions and beliefs standing on the platform convincing each other that –as the passing chicken has persuaded them– the sky is about to fall.  Instead there  is a plethora of issues to buy. […]

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