Well, I’ve got good news and bad news. The bad news is that the short term structure is an absolute mess. The good news is: I think I’ve found the key to figuring it all out over the next few days.
“How?” I can hear you ask incredulously, …
Well, I’ve got good news and bad news. The bad news is that the short term structure is an absolute mess. The good news is: I think I’ve found the key to figuring it all out over the next few days.
“How?” I can hear you ask incredulously, …
Yesterday’s alternate count came to pass, and hopefully readers heeded my warning regarding the red trendline and protected profits. There are certain things I take for granted as “common knowledge” and I sometimes fail to expand upon certain sta…
Yesterday’s action removed some short term options from the table, but has still left the pattern open to interpretation. It appears that I had Friday’s decline labeled properly as an impulse wave, but that doesn’t tell us with certainty whether …
Beard Update
Ever since this article, where I discussed my ground-breaking decision to venture into the beard-bearing biosphere of Ben Bernanke (by not shaving), I have received e-mails from anxious readers demanding beard updates …
Yesterday the market reached the 1384 upside target — and it also ruled out some possibilities, which is actually quite helpful. In fact, yesterday’s charts are chock-full of new information I didn’t have before – …
Tuesday held no surprises as the market did a ramp and camp, which fits the terms of the technical bounce discussed yesterday.
Toward the close, I wrestled a bit with the wave structure, but in the end decided it appeared a little …
Yesterday’s market blew through the downside projections, much like the rally did on the upside earlier this year. It comes to mind that the prior rally became historically over-extended, so there are a lot of folks ready to jam the exit doo…
On Sunday, we played devil’s advocate a bit and tried to tear down the preferred count. We’ll continue watching the alternate possibility presented there, but we’re going to focus on the preferred count until the market suggests we shouldn’t.
Th…
In Thursday’s update, I built up the bear case; for today’s update, we’re going to try to poke some holes in it — and within all that, we’ll look at some targets which fit both.
Since I covered the bear case in quite a bit of detail on Thursday,…
Who remembers Sniglets from HBO’s series, Not Necessarily the News? Sniglets are words that should be in the dictionary, but aren’t. One that sticks with me from my youth, and which comes to mind now, is:
Pielibrium – n. The…