Archive for November, 2015

Who’s afraid of …

Posted on Nov 19, 2015 by .

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the big bad wolf, the big bad wolf, the big bad wolf? the big bad fed…  Who’s afraid of Janet, Janet Y.,  Janet…?
1119spxbox

http://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=2&mn=0&dy=0&id=p44892117966&a=432305978

So stop the Chinese water torture already and raise the rates.  The game has gotten boring.

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Thinking inside the box…

Posted on Nov 12, 2015 by .

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1112spxbox

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=2&mn=0&dy=0&id=p90070012523&a=431391217

In recent letters we have  correctly analyzed the box above as a high risk, high volatility area.  In our most recent letters we thought (incorrectly) that a strong uptrend was developing.  That analysis is now in doubt and the characterization of the box as a danger zone is reintroduced.  Nevertheless we made some nice trading profits from the zeta wave — and are now trying to get out of the way of the steam roller by closing those trades.

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Various announcements…

Posted on Nov 11, 2015 by .

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Each year at Thanksgiving we make a donation to our local foodbank.  You should do the same.  It creates good karma and we all can certainly use that.  The link will make it easy.

http://feedingamerica.org/find-your-local-foodbank

RE:  FACEBOOK, LINKEDIN AND ALL SUCH:

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Runaway train?

Posted on Nov 03, 2015 by .

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1104spx

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=26ays6398464

25 days.  235 points.  Near 13%.  A spike driven through heart of the zombie bears (some of those profits taken ot of their hides).  Price now solidly in resistance, but resistance not putting up much resistance.  And the flash crash here proven to be trivial and not a major trend change.  (Well, maybe not trivial — a question we will address at greater length later in the week.)  As we have been saying the last several letters buying is in order and we even added to our UPRO position today.  (Not our favorite trade.)

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