Kill the chickens… to scare the monkeys

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 The old Chinese proverb regarding mind control is "Kill the chickens to scare the monkeys."  We have just witnessed an example of this, complete with spurious trendline breaks.  Meanwhile…

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Alpha beta gamma …etc…etc…zeta

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 Readers, investors, traders -- everybody -- is (are) taking a deep breath and nervously looking over his shoulder to see if the Halloween market is gong to serve up…

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Pivot on a pfennig…maybe

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p45656388815&a=266398464 After quite some contemplation and analysis we concluded that  the down wave is over -- for the moment at least.  How long "over" lasts is now the question.  Could…

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Many ominous signals…

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=9&dy=0&id=p64175392383&a=371393763 The trendline is from mar09.  Broken.  The upper  moving average line is the 50 day SMA and the lower line is the 200 day SMA.  Broken.  We record them…

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Computing downside targets…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p99378568549&a=266398464 We are fortunate in having alert and sharp readers, one of whom pointed out that a 10% downwave would reach 1818, not 1888.  We have corrected the chart and…

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