Tides and waves…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p43940581799&a=214966864 As certainly as there is a high tide, there will be a low tide.  As certainly as equity peaks it will experience lows.  Waves ebb and flow.  The higher…

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Cyprus? Really, Cyprus?

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p33221059212&a=214966864 Traders used Cyprus as the excuse for a midnight Sunday attack on the market, driving the market down near 20 points.  They then began taking their ill gotten profits. …

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The compleat pragmatician….

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864 Regarding compleat anglers and compleat pragmaticians it is well to remember that 15% of the fishermen catch 85% of the fish. While our colleagues are cutting bait we have…

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Is this it? or it is what it is? or is it?

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864 Don't celebrate yet.  Breakouts are always subject to confirmation.  But this certainly looks like the real thing, and we added on to our longs, taking the first of several…

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