http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Traders have been nervously circling the chairs eyeing other traders in an effort to be first to grab a chair when the music stopped. The music stopped with…
As the PnF chart thinks we are still in the bull market with a target of 2040. Do we believe it? Come now. How many times have you…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=7&dy=0&id=p59103334454&a=298224028 In celebration of the nation's 238th birthday the Dow finally got it together to get through the psychological barrier of 17000. The SPX cooperated by powering…
http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=1&mn=0&dy=0&id=p71514206946&a=350515648 Obviously we are having a breakout day with the SPX up -- at one point -- 17 points. The Dow up about 150. We joined the buying panic…
http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=5&mn=0&dy=0&id=p38441387569&a=321281297 While absent-mindedly noodlying in Oct 12 it occurred to us to run a rule of seven analysis on the SPX. (http://www.edwards-magee.com/ggu/ruleofseven.pdf.) The market was about 1450 at…
