http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 The most natural thing in the world is for the market to balk at important symbolic numbers. Thus the major indices are balking at the present major step--Dow 20000,…
http://stockcharts.com/h-sc/ui?s=%24VIX&p=D&yr=0&mn=3&dy=0&id=p61658225390 In five days the VIX exploded more than 50%, from below 13 to above 21. Turbulence of this sort generally presages more unpleasantness for those who are not hedged,…
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 We are in limbo at the moment -- inevitable limbo. Up wave is followed by down wave or side wave. This principle is as important as the principle of…
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Old highs represent resistance, and that is where the SPX got its nose bobbed in an attempt at a new high. We are probably in for a downwave now.…
http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p60546422961&a=255869372 Gold has convincingly broken out of its triangle. We remain skeptics, but you can't fight the chart staring you in the face and the markets haven't got the zika…
