Runaway train?

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=26ays6398464 25 days.  235 points.  Near 13%.  A spike driven through heart of the zombie bears (some of those profits taken ot of their hides).  Price now solidly in resistance,…

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A well known pattern…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=3&dy=0&id=p76611673066&a=266398464 Readers at this point hardly need us to point out the shape of the present formation.  It is, of course, the alpha-beta-gamma-zeta formation.  And most of the time when…

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Questions, questions, questions….

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=3&dy=0&id=p76611673066&a=266398464 A promising zeta wave was interrupted Friday by contrarian selling.  Not a very favorable omen, since next week is according to tradition  a down week.  But the situation is…

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Strange vibes…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p65149089490&a=410780492 Our analysis continues to be a rising wedge in a market of confusion and chaos.  The excursion downwards is breaking the trendline (besides that broken line we have already…

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