How embarrassing…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Extremely sophisticated denizens of places other than San Francisco know that the most glamourous theatre event of the city is that screamingly funny long running joke, Beach Blanket Babylon.…

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Beach ball Babylon…

  (no link--go to stockcharts.com) The PnF chart thinks we have a target of 2040.  We think that is the lower end of targets.  An analyst we very much respect,…

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New High…Correction over? Maybe…

    http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=10&dy=0&id=p24745056520&a=214966864 Some traders and investors are phobic about buying new highs, but best technical practice says just go ahead and do it.  Hesitators point out the fact that…

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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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