Strange charts…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864 Actually, nothing strange about this chart, except that it  pictures a rocket lift off, 64 points in two days -- 90% updays.  As we often take extreme powerbars like…

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Market likes.

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864 In a fit of relief the market responded to the long debated fiscal cliff avoidance by Congress and blew away on the upside. We closed all our hedges and…

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Heads and shoulders–upside down, or Kilroys

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=7&dy=0&id=p10149991945&a=259588108 Recently analysts have been talking about a head-and-shoulders pattern in the SPX.  We can't see a H&S but we see a Kilroy, or reverse head-and-shoulders which we have marked…

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