Surge. Drift. FLUSH!!! That flushing sound you hear is Congress flushing the economy.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p52855211355&a=205639989 It is obvious that the market has not yet settled down.  We think that it is expressing strong, if not paranoic  doubts about the ability of the Congress to…

Continue Reading Surge. Drift. FLUSH!!! That flushing sound you hear is Congress flushing the economy.

Stop right there.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p52855211355&a=205639989 (This letter depends on the reader's having read Technical Analysis of Stock Trends, 9th Edition Chapters 28 and 28.1, and/or StairStops.  Your survival in the market depends on your…

Continue Reading Stop right there.

Travel to distant climes– Japan, Asia, Eastern Europe etc.

http://stockcharts.com/h-sc/ui?s=EWM&p=D&b=5&g=0&id=p30923843948&a=205610531 http://stockcharts.com/h-sc/ui?s=EPP&p=D&b=5&g=0&id=p10821119644&a=205610672 We looked at a long list of ETFs having to do with Eastern Europe, Asia, Japan, etc. Yesterday all these listed threw off buy signals:  (EWM and EPP…

Continue Reading Travel to distant climes– Japan, Asia, Eastern Europe etc.

Rasors be damned. Systems stop taken out.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p03149889863&a=204730441 While there are still razors all around us today's action tripped the Basing Point Stop signaling a buy in the indices.  We bought the Dow, S&P and Qs ETF…

Continue Reading Rasors be damned. Systems stop taken out.