Archive for August, 2016

Still waiting…

Posted on Aug 25, 2016 by .

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0825spx

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

We are in a historically quiet period.  You could almost say we are in the eye of the hurricane.  For perspective the range here, in what now appears a rectangle, is approx .01.  This subdued volatility and freakishly narrow range has persisted for 31 days.

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Cat and mouse wait for Godot…

Posted on Aug 19, 2016 by .

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READERS ARE REMINDED THAT CHARLES BASSETTI WILL BE SPEAKING AT THE TSAASF TITANS OF TECHNICAL ANALYSIS CONFERENCE AUGUST 20 AT GOLDEN GATE UNIVERSITY.  INFO AT TSAASF.ORG.  THE SECRET OF THE MARKETS WILL NOT BE REVEALED.

0819spx

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Flags and Dow divergence and billionaire bears…

Posted on Aug 06, 2016 by .

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Goldman says take the rest of the summer off.  Gross says what me like stoscks? Nyet.  And Soros is supposed to have a big short bet on as is that corporate horse-fly Icahn.    They are all getting poorer by the day.  We have said, for the 3015th time, that having an opinion on the market is a good way to go broke, and that it is a fool’s errand to buck the trend of the market as plainly indicated by the chart.  The PnF system  looks for a target of 20349 in the INDU.

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