Silver takes the train south….

http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=9&dy=0&id=p15218233755&a=236108789   When silver broke we passed on a short trade  because we thought a large profit unlikely.  This is only the 7,198th time we have had to relearn this…

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Tilting at Apples…

http://stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=1&mn=0&dy=0&id=p98751150763&a=296650072 The apparent trendline break of Apple was apparently a bull trap.  One can avoid these things by being patient -- and by especially, hanging around for confirmation.  Also by…

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Believe. Believe in the Easter Bunny, the tooth fairy, the Supreme Court…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p34555890157&a=214966864   The title is just a bit of cheap irony.  As we say occasionally, the cynicism on this site is so cheap that minimum wage workers can afford it. …

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Why no crash is imminent …

http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=2&mn=0&dy=0&id=p69143808658&a=252013707 We have previously remarked on reasons no crash was imminent -- that the present wave structure is not characteristic of radical counterwaves.  Above is another technical reason that no…

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