What we have here is a …conundrum…

  http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=6&dy=0&id=p61670847249&a=214738592 We have just remarked (last letter) on the fact that the PnF method has given buy signals in the indices.  Meanwhile there is a technical pattern called a…

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Market thumbs nose at 1929 analogue…bp rises…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 The present price wave has created a new Basing Point as illustrated, and the trendline from nov12 (2) has dropped down to anchor on that Basing Point.  The…

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Buy buy buy… (just kidding… but…)

    http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=0&mn=6&dy=0&id=p10072938397&a=266692690 We jest -- giddy with delight that Washington took the gun away from the head of the economy (until February...February?  OMG not again).  But live for the…

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A second bite at the apple…Gold problems

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p79177025382&a=255869372 We shorted gold based on the downgap.  A trade rather than an investment. The August buy signal canceled by the retreat and gap constitute that phenomenon technicians regard as…

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