Walking backwards to Babylon

                      We're lost, but we're making good time. Yogi Berra Roshi   http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 How did we get here?  Or perhaps…

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More faces than a banshee

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 In the most treacherous markets of our lifetime many faces are shown.  Now the market is inviting us to buy again.  The pattern is that most enticing of Japanese…

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Chaos, confusion and carnage

http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p68692925235 We have, after much agonized analyzing, come to the conclusion that we are in the midst of a market storm which is a force of nature, and there is…

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All that glitters…may be…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 What might have been a b wave now looks likely to be a bottom formation (at best).  (Note volume formation.) And a bottom formation subject to the whims of contrarians…

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