http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 What might have been a b wave now looks likely to be a bottom formation (at best). (Note volume formation.) And a bottom formation subject to the whims of contrarians…
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Friday's near 400 point rise in the Dow strikes us as a striking confirmation of the b wave we spoke of a short time ago (http://www.edwards-magee.com/ggu/alphabetazetawaves.pdf). Now, although we could…
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 As reported we took a successful (and satisfying) small scalp and watched the SPX print what looks like the beginning of a b wave. These b waves can be…
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Early in the morning today (Wednesday) the ratio of down stocks to up stocks was 30-1. Volume was excessive, as may be seen from the volume bar. Price was…
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Well, as Oscar Wilde said, there's little comfort in the wise this side of paradise. And obviously the time to have done something is obviously long past -- so…
