New high, new basing point…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p88150915824&a=214966864 Last week while twiddling our thumbs and indulging in occasional fits of rage at Congress -- delay the scoundrels getting out of town at Washington airport and they can…

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Up down, up down, up… drunken squirrels…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p34555890157&a=214966864 Back during the bungee markets of Jul-Dec 2011 We compared the markets to drunken squirrels running up and down a tree.  It is entirely possible that we are entering…

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Tilting at Apples…

http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=1&mn=0&dy=0&id=p98751150763&a=296650072 The apparent trendline break of Apple was apparently a bull trap.  One can avoid these things by being patient -- and by especially, hanging around for confirmation.  Also by…

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Tides and waves…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p43940581799&a=214966864 As certainly as there is a high tide, there will be a low tide.  As certainly as equity peaks it will experience lows.  Waves ebb and flow.  The higher…

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