The contrarian empire strikes back…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p96206718625&a=214966864 First let us be clear.  Giving inordinate priority to one day's action militates against our long term intentions.  But -- oy vey -- what a day.  Yesterday the…

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Power Bars…Now that’s a power bar…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p70413847164&a=214966864 We often speak -- half humorously -- of power bars, which are, of course those candy bars bicyclists eat.  In our nomenclature a power bar is a bar that…

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A buy signal in the Dow.

Yesterday prices powered across the signal line in the dumpity-bumb-dump pattern (or whatever it is we call it).  This does not guarantee the resumption of the uptrend, but it is…

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