Five days down. Woe, woe…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=7&dy=0&id=p07596482712&a=408600621 We have pointed out that trading in the box here is most likley a vain enterprise.  It will be even vainer if price breaks this lower  line convincingly. We…

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Common sense from the chart…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 It seems to us that the SPX (and thus the market) is headed for a retest of the September low.  There may be a day or so of upside,…

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Watch out for Marketwatch…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Occasionally we check in on Marketwatch.com, mostly for laughs.  And laughs is mostly what it's good for.  But this week we became sensitive to the potential damage taking it…

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Lack of certainty…

http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p27293583434&a=424016262 We have remarked that we consider this year long action one formation.  And -- with 20/20 hindsight it is now clear that the systems Basing Point should have remained…

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Cunning conundrum …

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Houston we have a conundrum.  But we may have a cunning way to deal with it. The market has broken the Basing Point stops.  The mar09 tsrendline is broken.…

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