http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p96995943835&a=413887823 It is a characteristic of prices at tops to do two things: drift sideways and break short term trendlines. Here a trendline from feb15 and a longer and more…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 Before the howling herd raises the specter we should point out the potential head and shoulders formation here. Shoulder; Dec; head,Jan; right shoulder (2 of them) being formed as…
We remarked a few days back -- about the 6th that a change of rhythm was occurring. And that certainly appears to be the case. After a little upwave of…
The time has come the cabbage said to speak of many things, of jabberwocks and cribbage, of bings and kings and ringa ding ding... Here's the surprise. The S&P jumping…
Readers raise the question, do the last two days invalidate the head and shoulders? Not at all. The trendline from the top in June is intact, the pattern of lower…
