Lack of certainty…

http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p27293583434&a=424016262 We have remarked that we consider this year long action one formation.  And -- with 20/20 hindsight it is now clear that the systems Basing Point should have remained…

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Cunning conundrum …

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 Houston we have a conundrum.  But we may have a cunning way to deal with it. The market has broken the Basing Point stops.  The mar09 tsrendline is broken.…

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In the middle of the middle….

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464 The process of analysis is a constant search for something which is understandable.  Is this the beginning of a serious downtrend or is it an extension of the congestion…

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Trend change or terrorist attack?…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p76542086636&a=266398464 When all about you are losing their heads… Contrarians are never at a loss for a trading plan.  They buy oversold and sell overbought.  So when unprepared investors are…

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Hopscotch…..

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p76542086636&a=266398464 Or, perhaps, cat on a hot tin roof.  Cat alive?  Cat dead?  Each day is a new day  as a Bhuddist monk told us once at Tasajara. We had…

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