What we have here is a …conundrum…

  http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=6&dy=0&id=p61670847249&a=214738592 We have just remarked (last letter) on the fact that the PnF method has given buy signals in the indices.  Meanwhile there is a technical pattern called a…

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Presto–change-o…

Barely had we sympathized with Dennis Gartman that the  market was going irrational when prices turned around and made it safe to go back in the water -- with some…

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Gathering facts…

As is clear to everyone now the market has hit a roadblock.  Whether this is a consolidation roadblock or a reversal roadblock is not known at this time.  Over the…

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The razor’s edge…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p96206718625&a=214966864 The market is sliding along the razor's edge.  The SPX is only 9 points from the important trendline of nov12.  The formation has certain aspects of an alpha-beta-gamma…

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Straws in the wind?

Dennis Gartman, a prominent analyst, is reported by Marketwatch to be fleeing the market, provoked in part by the unsettling market action Friday.  He described his observation as like watching…

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