The very short-term charts are still a mess. Some personalities feel that an analyst should be able to have a strong opinion on the market at all times — unfortunately, out here in the real world, that’s simply not realistic…
Extended free summary excerpt The massive $50 billion Treasury bill paydown that the dealers and other holders received on April 16, augmented by a much…
Yesterday’s count expected further upside, which is what the market provided. At this stage, there’s just not much to add. This remains one of the more challenging structures I’ve had to decipher in some time, but if the expanded …
As I’m certain some of you read in the comments section, there was a death in my family yesterday, so I’m going to need to keep a bit lighter schedule through the remainder of the week. My thanks to those of you who have expressed …
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…
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 …
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 …
Yesterday, I spoke about the possibility that Minor Wave (2) up could complete its top within hours, and it’s entirely conceivable that came to pass yesterday. Once again, the market gapped up, and once again, the bulls took it nowhere …
I was watching CNBC last night, and it seemed like every other guest was predicting Dow 36,000 for 2012. Correct me if I’m wrong here, but don’t bull markets start when everyone is bearish? In March of ’09, AAII sentiment was over 70% bears…
There’s been no material change in the counts since yesterday. The primary occurrence of note on Thursday was the SPX reached the 1254.50 target.
If this is a corrective second wave, as the bearish count sees it, then a top is f…
