Waiting.

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 We are in limbo at the moment -- inevitable limbo.  Up wave is followed by down wave or side wave.  This principle is as important as the principle of…

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Bobbing for Apple…

http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=456428947 That ugly gap on the chart is one of the reasons we don't like to trade stocks.  Somebody doesn't answer the phone and the stock wakes up down 5…

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Buying signals…

While we were wrapped hand and foot negotiating a really bad transaction with the Internal Revenue Service prices snuck out to the upside, making new highs.  New Highs are always…

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More rash and bold targets. (That we do not stand behind…)

http://stockcharts.com/freecharts/pnf.php?c=%24SPX,PWTADANRBO[PA][D][F1!3!!!2!20] Perhaps the pressure has been too great-- perhaps space weather (mass coronal expulsions) is bearing down on us -- perhaps we've been lead poisoned by the water --perhaps it's…

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Nose job…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Old highs represent resistance, and that is where the SPX got its nose bobbed in an attempt at a new high.  We are probably in for a downwave now.…

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