Silver bullet…

http://stockcharts.com/freecharts/pnf.php?c=%24SPX,PWTADANRBO[PA][D][F1!3!!!2!20] We recognize the cognative dissonance involved in being loud deniers of  forecasting and predicting on the one hand -- and using the PnF system as a crystal ball (something…

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Silver rocket–Spx rocket–happy 4th…

  http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=6&dy=0&id=p94735009296&a=455395444 Good news or bad news?  Or no more news?  Silver breaks out -- but it is now maybe, too hot to touch.  It has gone parabolic,  and you…

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The magazine cover jinx…

Clever observers have noticed a strange phenomenon:  Whenever the  magazine covers start trumpeting a bull market the market crashes -- or vice versa.  This works for Sports Illustrated, and even…

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Jim Cramer doesn’t beat the market….

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p52620829748&a=459175088 Our title is taken from a Marketwatch story.  No "snark" -- no "schadenfreude" --  just plain old facts. In fact we have never seen one episode of Cramer.  Not…

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Sitting under the Volcano …

http://stockcharts.com/freecharts/pnf.php?c=%24SPX,PWTADANRRO[PA][D][F1!3!!!2!20] The PnF method is looking for a target of 2189 in the S&P.  This method has served us well as we have recently documented.  Nonetheless at this time there…

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