There are now so many indicators suggesting the market is forming a top, I’m beginning to lose count. Of course, past performance is no guarantee of future results and all that, but let me lay out the case for a top:
1) Friday was a non-farm pay…
Yesterday the market did absolutely nothing to clarify whether the short-term bullish (long-term bearish) count or heavily bearish count is in play, but there is a good possibility that a top is forming under the term…
The bottoming window is very wide and the risks of a downward spike in this window are high.
On Tuesday, my readers and I were pretty much all alone, looking for a top. How things can change in a day! All the sudden, the masses seem to be waking up from the drunken euphoria of Wave (2) and realizing the world doesn’t lo…
Several readers have asked me to draw a chart for copper. I’ve actually been working on one for a while, and finally decided to finish it tonight.
Copper looks, in the words of the famous sheep, “Baaaaaad.” Copper seems to have…
Sometimes you just spend too long staring at charts. Yesterday, on my blog, I warned of the possibility of a fifth wave failure in the NDX and SPX. After the close Tuesday, I took a much needed break and spent some time with my family,…
If Shakespeare were a stock trader, he might poetically state that the market since August has been “full of sound and fury, signifying nothing.”
Despite a fair amount of bullishness from the mainstream media, all this ra…
May 2, 2011 Monthly Update
About the only certainty in the stock market is that, over the long haul, over performance turns into under performance and vice versa. Is there a pattern to this movement? Let’s apply some simple regression analysis (se…
Ready for some doom and gloom? Check this out…
THE BEAR WILL RETURN IN 2011
It’s almost impossible to find anyone who is long term bearish on the stock market or economy at this time. In the recent Barron’s poll every single analyst expecte…
It’s nothing but a giant video game,Bots bringing V bottoms daily……Eventually we fall without a bounce and keep going,it’s just a matter of time.
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