The art and science of top analysis

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Forget the science part.  There is none at present which is dependable.  Technicians are running around crazily calculating RSIs and MACDs  and computing cycles and "analogues" and  throwing…

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Whoa…whiplash

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=10&dy=0&id=p44872926553&a=214966864 Barely had the SPX made a record high when contrarians jumped on the vulnerable issue and smacked the hell out of it.  Vulnerable because the high was made…

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What we have here is a …conundrum…

  http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=0&mn=6&dy=0&id=p61670847249&a=214738592 We have just remarked (last letter) on the fact that the PnF method has given buy signals in the indices.  Meanwhile there is a technical pattern called a…

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Presto–change-o…

Barely had we sympathized with Dennis Gartman that the  market was going irrational when prices turned around and made it safe to go back in the water -- with some…

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