Angels and devils wrestle for soul of market…

Posted on Jan 28, 2015 by in Letters, Uncategorized

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464

Yesterday the devils won, posting a 28 point range in the SPX, and rattling everyone's teeth.  The significance for the larger pattern is the interruption of the zeta wave, which is now in danger.  Contrarians (the devils) have been sniping (devil's snipers) at the market for months, leaving everybody -- including Soros -- or mainly Soros -- to gnash their teeth.  This contest is not decided yet but the readiness of the market to go over Niagra Falls in a barrel over essentially trivial earnings data -- (especially since basic economic conditions steadily improve) underlines how nervous the market is.  Very nervous.

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