Knuckleball…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 It's said that George Soros gets a head splitting back ache when his positions are in trouble, or about to be in trouble.  We got one of those Thursday,…

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Threee month trendline broken…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 The trendline from October was broken today.  It never does to ignore a broken trendline.  If confirmed and there is follow through serious consequences may be in store.  And…

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Exceedingly strange…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 We recently remarked on the increasing violence of market activity in the SPX, noting the series of waves leading up to the present strange wave.  Today we have a…

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The treachery of Santa Claus

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 We woke up after Christmas (positing that we are now awake) to discover that Santa Claus had left a lump of coal in our stocking (illustrated above) and the…

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