http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 The little downwave (or downwavelet) of early September puzzled us somewhat as we took it at first as an a-b-g-z (or a-b-c in Elliott speak) formation. But then the…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 We have often remarked on the tendency of the market to sell off before starting an advance -- like a quarterback throwing a head fake at defensive backs to…
In the news, Calpers dumps its hedge fund investments. Reason, expensive and underperforming. A witty c0lleague of ours (lamentably we've buried his name --we always like to give credit) remarked…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 While we wait for the market to confirm the breakout of 2000 it would be interesting to assess the present state of the market. Paranoid cat on a hot…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Haji Baba worth $160 B? Beats worth $3 B (beats us --also rational analysis)? Whatsapp worth $3 B? Really? This and similar silliness all over the market make one…
