Nobody knows. And they don’t know they don’t know…

http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=4&mn=0&dy=0&id=p23023999522&a=252013707 We have always thought the most brilliant thing that was said about anything during the Bush administration (pace diablos) was Rumsfield's classic statement that there are knowns and unknowns…

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Buy signals….

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p55455624798&a=266398464&listNum=1 Some of our near sighted brethern (starting with ourselves) have remarked on the difficulty of nano charts so we are going to try to make it easier for everybody…

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Glimmers of a wave end?

Friday had some subtle characteristics of wave ending phenomena.  In a pattern of rising volume Friday's stood out.  In the TLT (not illustrated here) there were hints of wave ending…

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Which shell to watch…

Continuing to cause indigestion amongst technicians and the cognosenti, volume refuses to cooperate with conventional wisdom.  Perverse indicator.  Everyone knows that volume goes with the trend -- or supports it…

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