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…

Continue Reading Beware the boojum…

Of human bonds… and human foolishness

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p20049953156&a=214966864 Human foolishness.    We have the edge in that category.  Well maybe not with Shiite zealots trying to burn down the country in Washington.  The WSJ, that bastion of…

Continue Reading Of human bonds… and human foolishness

Congress speculates with the market…

    http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=318176721 The unbelievable has happened and the market doesn't like it.  As can be seen here the chart doesn't like it either.  Prices are entirely too close to…

Continue Reading Congress speculates with the market…

Gold down, silver down, government down…

  http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=0&mn=9&dy=0&id=p79177025382&a=255869372 That devilish bar 9 days ago -- a fake out power bar -- chased us from our short position.  Today gold (and silver) gapped down and we put…

Continue Reading Gold down, silver down, government down…