Sobering thoughts … and roller coasters…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 It is a sobering, but not unusual, fact that Standard & Poors has caclulated that only 10% of funds are above water.  One wonders why investors pay incompetent managers…

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Momentous and sometimes important moves…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 According to those who work overtime trying to find the secret of the markets (in this case seasonals) we're supposed to enjoy a Santa Claus rally here.  As always…

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Irrational exuberance. Gold bugs rejoice.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 The market got over excited with news of Chinese and European stimulation programs and blasted off until contrarians and day traders  heard about the opening exuberance and jumped on…

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Technical stuff

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p64823856337&a=376488190 It is gratifyig to have intelligent and alert readers.  One of whom looked at the above chart and said, isn't this a broadending pattern?   Broadening patterns have large…

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Europeans mistake SPX for comet. Land spacecraft Philae on Issue…orbit to 3365??!?

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p22775897357&a=266398464 As the official potifex maximus of the rule of seven mystery we looked at the recent wave and came to the conclusion that we are at the beginning, not…

Continue Reading Europeans mistake SPX for comet. Land spacecraft Philae on Issue…orbit to 3365??!?