http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p96995943835&a=413887823 It is a characteristic of prices at tops to do two things: drift sideways and break short term trendlines. Here a trendline from feb15 and a longer and more…
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…
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=3&dy=0&id=p76611673066&a=266398464 It appears that the gamma wave was arrested 3 days ago by the long range day which threatened to blow the market away, then recovered over half the range…
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=9&dy=0&id=p70901721466&a=266398464 We now have a recognizable pattern in the SPX. It is the alpha-beta-gamma pattern. (http://www.edwards-magee.com/ggu/alphabetazetawaves.pdf) A close-up: http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=9&dy=0&id=p70901721466&a=266398464 One could quibble with the marking of the waves here. Perhaps…
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 Return with us now to those thrilling days of yesteryear...when photos were developed in a darkroom in trays of chemicals. The present situation in the S&P is like…
