Whim, caprice and vagary…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p20049953156&a=214966864 Whim, caprice and vagary -- the three horsemen of the Apocalypse, riding roughshod over the market.  And over Washington.  Barely had the market luxuriated in the shower of…

Continue Reading Whim, caprice and vagary…

Helicopter Ben dumps cash on market…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=8&dy=0&id=p57309614995&a=266398464 The chart doesn't care why the market got a shot of pure oxygen.  All it cares is that as everybody is saying, that prices are in open air.…

Continue Reading Helicopter Ben dumps cash on market…

A second bite at the apple…Gold problems

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p79177025382&a=255869372 We shorted gold based on the downgap.  A trade rather than an investment. The August buy signal canceled by the retreat and gap constitute that phenomenon technicians regard as…

Continue Reading A second bite at the apple…Gold problems