Dennis Gartman, a prominent analyst, is reported by Marketwatch to be fleeing the market, provoked in part by the unsettling market action Friday. He described his observation as like watching…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p20049953156&a=214966864 We are now in the zeta wave and today it is piercing the downtrend signal line. This should indicate that the days of the downwave are numbered. The…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p34555890157&a=214966864 http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=4&mn=0&dy=0&id=p95004260755&a=268628424 In this comparison of peers the better picture of the market is the indu, and we think it better reflects the true state of the market. The very…
Earlier today we noted that the Dow Transportations (etf IYT) was breaking some medium term trendlines. That provoked us to examine some other important charts and what we saw made…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p34555890157&a=214966864 The title is just a bit of cheap irony. As we say occasionally, the cynicism on this site is so cheap that minimum wage workers can afford it. …
