Scalp starts B wave…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 As reported we took a successful (and satisfying) small scalp and watched the SPX print what looks like the beginning of a b wave.  These b waves can be…

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Reversal day?… Could be

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Early in the morning today (Wednesday) the ratio of down stocks to up stocks was 30-1.  Volume was excessive, as may be seen from the volume bar.  Price was…

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Little comfort in the wise…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Well, as Oscar Wilde said, there's little comfort in the wise this side of paradise.  And obviously the time to have done something is obviously long past -- so…

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Probing for the bottom…

  weekly bars http://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=2&mn=0&dy=0&id=p19867336111&a=440585757 We expect, any moment, a bounce from the waterfall wave we have seen for almost two weeks.  Perhaps as early as tomorrow (Tuesday).  The magnitude of…

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Chinese fireworks celebration…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Chinese fireworks have ignited a conflagration in our markets.  We have flattened all our posistions, even long term IRA accounts.  95% of our capital was already in cash, as…

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