Looks like a B wave…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 As we opined Friday, it appearss that power bar was the start of the b wave.  Today appears to be a confirmation of that.  It is not impossible…

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Bungee markets…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Frequently it falls to us to explain what it all means -- usually a role we can fulfill,, as we just interpret the chart.  What Friday means is…

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Vital trendlines…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 One of our alert readers examined our nov12 trendline and pointed out that the line was penetrated.  This is the kind of reader we all need.  So we…

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Assessing the damage…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 The feb trendline and the apr trendline are well broken and we are seeing the consequence of that.  What we are not seeing yet is the impact of…

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