Volatility reverts to the mean…with a vengeance…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 As we frequently note volatility is mean reverting.  Friday it reverted in a major way.   http://stockcharts.com/h-sc/ui?s=%24VIX&p=D&yr=0&mn=6&dy=0&id=p34770779486 There has been extraordinary anxiety in the marketplace. This derives in part…

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Still waiting…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 We are in a historically quiet period.  You could almost say we are in the eye of the hurricane.  For perspective the range here, in what now appears a…

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Cat and mouse wait for Godot…

READERS ARE REMINDED THAT CHARLES BASSETTI WILL BE SPEAKING AT THE TSAASF TITANS OF TECHNICAL ANALYSIS CONFERENCE AUGUST 20 AT GOLDEN GATE UNIVERSITY.  INFO AT TSAASF.ORG.  THE SECRET OF THE…

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Probing new territory…

http://stockcharts.com/freecharts/pnf.php?c=%24INDU,PWTADANRBO[PA][D][F1!3!!!2!20] This is such a beautiful chart, with such long term meaning that we have to show it.  20349 targeted in the Indu.  What gives this credence is the months…

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Breaking away…

  http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p90213512304 Not much debateable here.   All the indices are breaking to new highs. http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p46911828355 The spx, similarly, breaking away.   http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=1&mn=0&dy=0&id=p58769923697 http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p46911828355 And the qs.  Everywhere you look…

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