More and bigger questions…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p96995943835&a=413887823 It is a characteristic of prices at  tops to do two things:  drift sideways and break short term trendlines.  Here a trendline from feb15 and a longer and more…

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Questions, questions, questions….

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=3&dy=0&id=p76611673066&a=266398464 A promising zeta wave was interrupted Friday by contrarian selling.  Not a very favorable omen, since next week is according to tradition  a down week.  But the situation is…

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Z wave underway?

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=3&dy=0&id=p76611673066&a=266398464 It appears that the gamma wave was arrested 3 days ago by the long range day which threatened to blow the market away, then recovered over half the range…

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The picture crystalizes… and an alpha beta gamma patern appears…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=9&dy=0&id=p70901721466&a=266398464 We now have a recognizable pattern in the SPX.  It is the alpha-beta-gamma pattern. (http://www.edwards-magee.com/ggu/alphabetazetawaves.pdf)  A close-up: http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=9&dy=0&id=p70901721466&a=266398464 One could quibble with the marking of the waves here.  Perhaps…

Continue Reading The picture crystalizes… and an alpha beta gamma patern appears…

The developing picture…

  http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 Return with us now to those thrilling days of yesteryear...when photos were developed in a darkroom in trays of chemicals.  The present situation in the S&P is like…

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