http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 ABGZ waves: http://www.edwards-magee.com/?p=3776 Background for new readers. Friday and Tuesday felt so violent that we thought it might be climactic. Climatic without any preceding acts. If this is so then…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 Today the SPX closed at a new high. In Dow Theory terms this would be a confirmation. We are a little harder on the market than Dow. We want…
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=2&mn=9&dy=0&id=p43220082674&a=255869372 We have been watching gold with deep skepticism. But it is true that GLD has broken a very important long term trrendline, and given off a buy signal as…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 According to those who work overtime trying to find the secret of the markets (in this case seasonals) we're supposed to enjoy a Santa Claus rally here. As always…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 The market got over excited with news of Chinese and European stimulation programs and blasted off until contrarians and day traders heard about the opening exuberance and jumped on…
