All that glitters…may be…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 What might have been a b wave now looks likely to be a bottom formation (at best).  (Note volume formation.) And a bottom formation subject to the whims of contrarians…

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Greased pig…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=3&dy=0&id=p76611673066&a=266398464 As Mark Twain said about the weather in San Francisco:  If you don't like the weather, wait a minute. And that is the case with our alpha-beta-gamma pattern which…

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Breakout day.

  http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=1&mn=0&dy=0&id=p71514206946&a=350515648 Obviously we are having a breakout day with the SPX up -- at one point -- 17 points.  The Dow up about 150.  We joined the buying panic…

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Gold, silver, Miners and how to sit still

  http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p79177025382&a=255869372 Screaming signals.  Gold gaps and a power bar.  Actually we don't think there is an explanation for this action.  Peripatetic pundits natter on about inflation, Iraq, tea party…

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HEY! Yelling at Yellen…

Janet.  Please shut up. Never thought we'd miss Greenspan.  But a little more ambiguity wouldn't be a bad idea.  Nevertheless the market recovered from its hissy fit over Yellen's unguarded…

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