Nobody knows. And they don’t know they don’t know…

http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=4&mn=0&dy=0&id=p23023999522&a=252013707 We have always thought the most brilliant thing that was said about anything during the Bush administration (pace diablos) was Rumsfield's classic statement that there are knowns and unknowns…

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The long view…

http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=1&mn=0&dy=0&id=p10598217450&a=268628380 We have often demonstrated that the long term view of the market is not expressed in daily bars.  In Sacred Chickens... we documented the power of weekly bars as…

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Glimmers of a wave end?

Friday had some subtle characteristics of wave ending phenomena.  In a pattern of rising volume Friday's stood out.  In the TLT (not illustrated here) there were hints of wave ending…

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