$spx, $indu — the big (big) picture…

http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=4&mn=0&dy=0&id=p14903824659&a=205853690 See anything interesting here?  Unlike what you see is what you get, what you see is what makes you successful or not.  Was it Goethe who said you see…

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S&P wave bottom?

Every trade is fraught with danger at inception, and every wave change is fraught with uncertainty.  But the S&P (and the Dow) is breaking the hourly trendline so we are…

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Heads up. Head and shoulders? Does it matter?

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p30009483985&a=203282118 We sometimes admonish (also abjure, berate, harass and warn) our graduate students about finding bunny patterns in the clouds in their initial enthusiasm for identifying patterns.  Being the world's…

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