Tag Archives: indices

Is everything too good?

Posted on May 13, 2013 by .

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Last week a number of issues gapped up, which we will illustrate shortly.  Now we almost never met a gap we didn’t like but these are making us a bit uneasy.  Surveying the general scene and the composition of market participants — especially the jackals who do high frequency trading and the ultra agile hedge funds — we are thinking that the next top may not be identifiable with the usual tools.  This is just conjecture at the moment.  But it looks to us like the next top may be a V top, and occur with untold violence and speed.  You will remember that the 09 bottom was a V bottom.

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Bridge to nowhere…

Posted on Jul 07, 2011 by .

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Readers may remember the horror story of some years back of a bridge that a barge ran into, knocking out a section.  It might have been over the Missouri.  Motorists racing across the bridge plummeted to their death.

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