Engraved invitation…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 You have heard of the famous market engraved invitation.  Here it is in the flesh.  Strong buying signals with the gap on top of power bars.  We bought  additions…

Continue Reading Engraved invitation…

A well known pattern…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=3&dy=0&id=p76611673066&a=266398464 Readers at this point hardly need us to point out the shape of the present formation.  It is, of course, the alpha-beta-gamma-zeta formation.  And most of the time when…

Continue Reading A well known pattern…

SPX sneaks out…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 So far we would call this a sneakout rather than a breakout, but it is progress.  Whether or not this marks a surrender by the bears or not is…

Continue Reading SPX sneaks out…