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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Gathering facts…
The razor’s edge…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p96206718625&a=214966864 The market is sliding along the razor's edge. The SPX is only 9 points from the important trendline of nov12. The formation has certain aspects of an alpha-beta-gamma…
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The razor’s edge…
1700 — 1800 –what’s a hundred points between friends?
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p20049953156&a=214966864 We probably left heads spinnig with our last letter which blithely called the SPX a hair off 1700. Well, as they say, even Homer nods... But he doesn't…
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1700 — 1800 –what’s a hundred points between friends?
Imminent bear attack?….
Earlier today we noted that the Dow Transportations (etf IYT) was breaking some medium term trendlines. That provoked us to examine some other important charts and what we saw made…
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Imminent bear attack?….
First rock of the avalanche?
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 Two views of the S&P. The nearby view in the first chart prompted us to put on some hedges to our positions in the SPX and the Qs. This…
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First rock of the avalanche?