http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p18894193176&a=214966864 As we have previously noted, the forrmation from early September to late October has a toppy aspect. We measured the depth and came up with 77 points, subtracted from…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 We barely realized the ominous portent of our last letter, titled "The eye of the hurricane". We were troubled by the pattern but speculated that the stutter step might…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 We warned you about October 19. The market is clearly spooked. And of course, no one knows why. Well, we know why. It's because a lot of heavy selling…
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 October 19, 1987 we were driving in late to San Francisco when we heard the market collapsing. We had been expecting a major collapse but the next year. Nonetheless,…
Friday the PnF charts displayed new (bearish) patterns. We don't make our decisions based on PnF charts but we watch them out of the corner of our eye. The method…
