Probing for the bottom…

  weekly bars http://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=2&mn=0&dy=0&id=p19867336111&a=440585757 We expect, any moment, a bounce from the waterfall wave we have seen for almost two weeks.  Perhaps as early as tomorrow (Tuesday).  The magnitude of…

Continue Reading Probing for the bottom…

Chinese fireworks celebration…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Chinese fireworks have ignited a conflagration in our markets.  We have flattened all our posistions, even long term IRA accounts.  95% of our capital was already in cash, as…

Continue Reading Chinese fireworks celebration…

The law of gravity in the market…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 The law of gravity in the market is a little counterintuitive.  It says that stocks rise over the long run.  Simple as that.  Dec 24  Jason Sweig wrote a…

Continue Reading The law of gravity in the market…

Merry (?) Xmas Market

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 A careful examination of the formation here will not show an understandable pattern of higher highs and higher lows -- or the opposite.  What it shows is the chaos…

Continue Reading Merry (?) Xmas Market