Beware the boojum…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p20049953156&a=214966864 The trendline from no12 is broken  Based on the look of the market we think a bounce is in order, especially considering today's pattern.  But the boojum is…

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Of human bonds… and human foolishness

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p20049953156&a=214966864 Human foolishness.    We have the edge in that category.  Well maybe not with Shiite zealots trying to burn down the country in Washington.  The WSJ, that bastion of…

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Congress speculates with the market…

    http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=318176721 The unbelievable has happened and the market doesn't like it.  As can be seen here the chart doesn't like it either.  Prices are entirely too close to…

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Gold down, silver down, government down…

  http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p79177025382&a=255869372 That devilish bar 9 days ago -- a fake out power bar -- chased us from our short position.  Today gold (and silver) gapped down and we put…

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Beware of suicide bombers…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p20049953156&a=214966864 If this picture looks familiar, it's because it is familiar.  There is nothing to be said about the market that has not already been said.  But don't worry…

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