Beware the boojum…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p20049953156&a=214966864 The trendline from no12 is broken  Based on the look of the market we think a bounce is in order, especially considering today's pattern.  But the boojum is…

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Living dead scares hell out of market…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864 European news papers are referring to the revival of Burlusconi in the Italian elections as the rise of the living dead, and as a vampire, and that is certainly…

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Chokehold by traders…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p88572661534&a=214966864 Seizing the opportunity to turn good news into bad news, traders jumped on the upwards price spike caused by the news that Spanish banks would get a 125 B…

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Too late to hedge?

We were of two minds about Friday's action.  Our rational mind said, a natural reaction to a surging upwave.  Our irrational and paranoid mind (which got reinforced Sunday) was it…

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Squirrel markets. Bulls bears mules hibernate. Playing defense better than the 49ers.

http://stockcharts.com/h-sc/ui?s=$INDU&p=60&yr=0&mn=2&dy=0&id=p25782902376&a=202457238 Squirrel markets can drive you nuts.  It certainly drove us nuts to write this commentary.  And it's probably driving our readers nuts.  It was not till we went to…

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