Bungee markets…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Frequently it falls to us to explain what it all means -- usually a role we can fulfill,, as we just interpret the chart.  What Friday means is…

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Vital trendlines…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 One of our alert readers examined our nov12 trendline and pointed out that the line was penetrated.  This is the kind of reader we all need.  So we…

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Assessing the damage…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 The feb trendline and the apr trendline are well broken and we are seeing the consequence of that.  What we are not seeing yet is the impact of…

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Temporary cease fire?

  http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=7&dy=0&id=p23340123349&a=298224028 Thursday's air pocket  tore a short term hole in the trend and blasted through several trendlines.  The trendlines from Feb and Apr would certainly foretell further damage.  Worse,…

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