http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 Looking at the wave which unfolded last week we can plainly see the fingerprints of the contrarians. These people take an extreme up bar as an excuse to…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 In this one chart we see three reactions to sharp sell-offs -- formations we have called alph-beta-gamma-zeta waves. These are proving to have a great deal of mutability. The…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 ABGZ waves: http://www.edwards-magee.com/?p=3776 Background for new readers. Friday and Tuesday felt so violent that we thought it might be climactic. Climatic without any preceding acts. If this is so then…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 The jungle drums have been beating for a few weeks now that some large investors and hedge funds are going to cash. (Wait. Did they ssay crash?) We know…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 Friday the chicken littles were finally right. A piece of the sky at last fell as the chickens rushed to get out of the way of rising interest rates.…
