http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 The market got over excited with news of Chinese and European stimulation programs and blasted off until contrarians and day traders heard about the opening exuberance and jumped on…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p64823856337&a=376488190 It is gratifyig to have intelligent and alert readers. One of whom looked at the above chart and said, isn't this a broadending pattern? Broadening patterns have large…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 As the official potifex maximus of the rule of seven mystery we looked at the recent wave and came to the conclusion that we are at the beginning, not…
(no link) The PnF method is targeting 2410 in the S&P. We have been using PnF since Mar of 09 which has consistently set higher targets and continues to do…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 The old Chinese proverb regarding mind control is "Kill the chickens to scare the monkeys." We have just witnessed an example of this, complete with spurious trendline breaks. Meanwhile…
