Thinking inside the box…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=2&mn=0&dy=0&id=p90070012523&a=431391217 In recent letters we have  correctly analyzed the box above as a high risk, high volatility area.  In our most recent letters we thought (incorrectly) that a strong uptrend…

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Runaway train?

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=26ays6398464 25 days.  235 points.  Near 13%.  A spike driven through heart of the zombie bears (some of those profits taken ot of their hides).  Price now solidly in resistance,…

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1000th letter…

Caausation or correlation? As we prepare our 1000th letter some serious theoretical and operational work needs to be done on our cornerstone system – Magee’s Basing Point Method. Or perhaps…

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