Greased pig…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=3&dy=0&id=p76611673066&a=266398464 As Mark Twain said about the weather in San Francisco:  If you don't like the weather, wait a minute. And that is the case with our alpha-beta-gamma pattern which…

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A well known pattern…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=3&dy=0&id=p76611673066&a=266398464 Readers at this point hardly need us to point out the shape of the present formation.  It is, of course, the alpha-beta-gamma-zeta formation.  And most of the time when…

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Waiting for …Godot…or Uber, or the guys in the pom-pom shoes…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p05271428421&a=414952219 Everyone is waiting for the other tasseled shoe to drop except the French taxi drivers who are taking things into their own hands and thumbing their noses at the…

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Market misfires. Refuses to tip…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=7&dy=0&id=p97591315138&a=408600621 Offered a chance to resolve the suspense Friday the market played coy, so the issue remains unresolved.  The market principle should be remembered:  The market will do whatever it…

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Change of tune…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 Looking at the wave which unfolded last week we can plainly see the fingerprints of the contrarians.   These people take an extreme up bar as an excuse to…

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