Fool’s gold, fool’s silver….

http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=9&dy=0&id=p15218233755&a=236108789 We traded the flag here in silver in August and made a little profit.  We remarked on it at the time.  The power bar at the end of the…

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Analyzing the downwave…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 300 point days in the Dow are no fun (unless you're short) and it helps (somewhat) to have some idea of what the damage can be.  Naturally as we…

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The witching day… October 19…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 October 19, 1987 we were driving in late to San Francisco when we heard the market collapsing.  We had been expecting a major collapse but the next year.  Nonetheless,…

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Waiting for confirmation … or Godot

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=266691158 It is impossible to look at this chart and see anything but bull market going to new highs.  At the same time the breakout above the April highs waits…

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