Switch gears…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 The general market environment has deteriorated over the past few days.  In the SPX a new pattern appears to be emerging-- namely a lower high and a lower low. …

Continue Reading Switch gears…

Busy, busy, busy…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 We are lifting our hedges and observing a couple of signals.  First, above the basing point has advanced in the SPX, and so  the stop has advanced, as drawn. …

Continue Reading Busy, busy, busy…

Seeing not believing…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 Let's see.  According to the old market nostrum we should have sold in May and gone away.  Also we should have crawled in a hole and hidden during September…

Continue Reading Seeing not believing…

First rock of the avalanche?

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 Two views of the S&P.  The nearby view in the first chart prompted us to put on some hedges to our positions in the SPX and the Qs.  This…

Continue Reading First rock of the avalanche?

Stop right there. Don’t make any fast moves…(faster than a millisecond)…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 While the world waits breathlessly for the inevitable "correction" it's worth figuring out where stops should be prudently set.  We think the likelihood of a seriously painful downwave are…

Continue Reading Stop right there. Don’t make any fast moves…(faster than a millisecond)…