http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 Today prices are breaking the nov 12 trendline, a potentially serious event. There are other technical signs which may limit the damage -- or at least make it…
Recently we referenced the PnF chart for the S&P which advertised a high price objective for the index. We noted that the chart pattern also included a "long pole (or…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Monday showed some constructive activity (and true to our speculative nature we bought a little (very little) and lifted part of our hedge). But as Yogi said, or…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 You're flying along at 30,000 feet and the next thing you know you're flying along at 28,000 feet and you have coffee in your lap and the captain…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 There is one rule about the market which is inviolable: Bears wait until you are traveling, preferably in the air before attacking. While we were returning from holiday…
