Chinese Chicken Little spooks market…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p76542086636&a=266398464 China, oil, Janet...real traders playing golf in the Hamptons...  What does the reason matter?  It matters not.  Indu down 1100 at one point and finishing 588 down.  Thank God!…

Continue Reading Chinese Chicken Little spooks market…

Not a surprise…

http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=0&mn=7&dy=0&id=p51053375451&a=417742260 With the market vulnerable Thursday the contrarians changed the game.  From selling strength and buying weakness they changed their tactics and went for the jugular, piling into shorts.  They…

Continue Reading Not a surprise…

More of the same…

http://stockcharts.com/h-sc/ui?s=GLD&p=D&yr=1&mn=0&dy=0&id=p63778548360&a=420770660 Never ones to stick around when unwelcome we fled from our shorts in gold and silver.  Honestly it makes you think you ought not to do anything until this…

Continue Reading More of the same…

The kiss of the death cross…

http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p90850879542 The kiss of death is not the death cross.  The kiss of death is believing all the unmitigated b.s. which flows out of Marketwatch and all the other media…

Continue Reading The kiss of the death cross…