Irrational exuberance. Gold bugs rejoice.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 The market got over excited with news of Chinese and European stimulation programs and blasted off until contrarians and day traders  heard about the opening exuberance and jumped on…

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Technical stuff

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p64823856337&a=376488190 It is gratifyig to have intelligent and alert readers.  One of whom looked at the above chart and said, isn't this a broadending pattern?   Broadening patterns have large…

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Europeans mistake SPX for comet. Land spacecraft Philae on Issue…orbit to 3365??!?

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 As the official potifex maximus of the rule of seven mystery we looked at the recent wave and came to the conclusion that we are at the beginning, not…

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