Buying signals…

While we were wrapped hand and foot negotiating a really bad transaction with the Internal Revenue Service prices snuck out to the upside, making new highs.  New Highs are always…

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The Voyage of the Bogle…

The voyage of the Bogle… (incomplete with turtles..)   We have previously alluded to John Bogle of Vanguard fame. He explained stock market returns with three simple factors: dividends (currently…

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More rash and bold targets. (That we do not stand behind…)

http://stockcharts.com/freecharts/pnf.php?c=%24SPX,PWTADANRBO[PA][D][F1!3!!!2!20] Perhaps the pressure has been too great-- perhaps space weather (mass coronal expulsions) is bearing down on us -- perhaps we've been lead poisoned by the water --perhaps it's…

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Nose job…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Old highs represent resistance, and that is where the SPX got its nose bobbed in an attempt at a new high.  We are probably in for a downwave now.…

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