Lemming stampede…

On good Friday they opened the futures markets long enough for the lemmings to rush through the door and over the cliff.  It was too early for humans on the…

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23 views of Mt Fuji…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 We conjectured a short while back that the wavelet up was going to pause.  The pause turned into a minor cascade.  There are -- like views of Mt Fuji…

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Change of tune…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 Looking at the wave which unfolded last week we can plainly see the fingerprints of the contrarians.   These people take an extreme up bar as an excuse to…

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Knuckle ball waves…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 In this one chart we see three reactions to sharp sell-offs -- formations we have called alph-beta-gamma-zeta waves.  These are proving to have a great deal of mutability. The…

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Alpha beta gamma zeta waves?

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p09524411098&a=266398464 ABGZ waves: http://www.edwards-magee.com/?p=3776  Background for new readers. Friday and Tuesday felt so violent that we thought it might be climactic.  Climatic without any preceding acts.  If this is so then…

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