Okay, so that’s a stretch of a title. I’m trying to echo the famous Barbara Mandell song. The original song was of course titled I Was Ending Diagonal When Ending Diagonal Wasn’t Cool — my change to “we” definitely…
Yesterday performed perfectly in accordance with the expectations of the preferred count, which needed the market to show some upwards momentum. That’s exactly what we got, and it’s always tempting to be lulled into a sense of complacency when th…
Early last week, the structure of the waves suddenly looked quite bullish — however the market has, so far, failed to follow through, which is causing me to re-examine this outlook.
Normally, one can determine the next higher degree …
Before I get into the charts, indulge me a moment of digression into a personal story.
As many of you know, I often go several days without venturing out into public, and as a result, I can be somewhat lazy when it comes to shaving. Well,…
Yesterday’s market maintained trade within the acceptable retrace range for a 2nd wave correction, however the decline was a bit stronger than I anticipated. What happens over the next couple sessions will hopefully go a long way toward…
Yesterday performed as expected in regards to a consolidation/correction. This correction may be over, or it may have a bit more downside left.
Some readers asked about the possibility of a top being in place, so I’ll address that…
On Monday, Bernanke emerged from his lair and jawboned QE3 into virtual existance, again sending the market skyrocketing. Before I go much further, I want to put up a chart I stole from Zero Hedge, who stole it from Strategas Resea…
Friday provided a new low, but it wasn’t really the “type” of new low I was looking for — it was too shallow. So there are still several options open. As I stated on March 16, when I suggested a turn was coming, the bigger question is…
The market has done what we’ve expected over the short term and traded down into the SPX target box — but it has yet to answer the bigger questions. Right now, the decline off the high looks like a very nice A-B-C, so unless the bears …
The market did very little on Wednesday, which is actually a somewhat encouraging sign for bears. To some degree, one can gauge who’s in control by simply looking at which price direction the market is stug…
