Assuming that the purpose of the market (the market always has a purpose) was to nauseate everyone and make them want to throw up, the purpose has been achieved. Bungee…
When markets panic there are always "smart" traders who seize on the "oversold" situation to scrounge for bargains. This is how B waves are formed. C waves are formed when…
Thursday Cody and Altucher started buying. Sooner or later we will make them famous by noting their buy opinions on the chart. A 13.2% downwave in the SPX (in 12…
People just beginning to talk about the head and shoulders formation (CNBC, Drudge) are late to the party and will find that no chairs are left in the musical chairs…
Today on an impressive (if not depressive) power bar down SPX prices penetrated the neckline of what appears a head-and-shoulders formation. In our last letter we explored the possible implications…
