Inch by bloody inch…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 SPX prices finally got it together to escape from the rectangle.  The breakout bars were nothing impressive, but who are we to look new highs in the mouth.  If…

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HEY! Yelling at Yellen…

Janet.  Please shut up. Never thought we'd miss Greenspan.  But a little more ambiguity wouldn't be a bad idea.  Nevertheless the market recovered from its hissy fit over Yellen's unguarded…

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Market thumbs nose at 1929 analogue…bp rises…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 The present price wave has created a new Basing Point as illustrated, and the trendline from nov12 (2) has dropped down to anchor on that Basing Point.  The…

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Rocket leaving yesterday. Don’t miss it.

  http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p79177025382&a=255869372 We love to be on the train as it pulls away from the station and we wave at investors with opinions and beliefs standing on the platform convincing…

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Change of phase…

99% of what we do is based on the solid granite method and principles of John Magee.  1% is experienced instinct and cocked antennae.  That said we thought there was…

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