Change of tune…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 Looking at the wave which unfolded last week we can plainly see the fingerprints of the contrarians.   These people take an extreme up bar as an excuse to…

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Knuckle ball waves…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 In this one chart we see three reactions to sharp sell-offs -- formations we have called alph-beta-gamma-zeta waves.  These are proving to have a great deal of mutability. The…

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Alpha beta gamma zeta waves?

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 ABGZ waves: http://www.edwards-magee.com/?p=3776  Background for new readers. Friday and Tuesday felt so violent that we thought it might be climactic.  Climatic without any preceding acts.  If this is so then…

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Bears maul market — or is it bears?

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 The jungle drums have been beating for a few weeks now that some large investors and hedge funds are going to cash.  (Wait.  Did they ssay crash?) We know…

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