Monthly Archives: June 2012

Spotlight on Dow

The decline continues even though today was an up day.  The range was only 14 points.  It was an inside day.  The close was 9 points from the bottom and 4 points from the top.  Any time SPX closes above … Continue reading

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Decline unfolds…..

The decline has just started and lets see how far it takes us.  Perhaps SPX  can take out 1291 ; and then 1266. or on the other side take out 1363 I am not in favor of that. (1) This … Continue reading

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Did Counter rally end today?

Times are changing So to stay locked in to one analysis becomes a self defeating proposition after a while. Almost all of us knew this counter rally from 1266 would end some day and fresh more severe decline would ensue … Continue reading

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QE-3 or modified easing decision tomorrow?

Why 1398 looks like it to me. (1)  It is the 88.8% retracement point for the decline from 1415 to 1266.  (2) It is the mid point of the blue channel (3) The inverted H&S is between 1334 and 1266 … Continue reading

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Outside in Fibonacci

Right of the top I think the bottom in SPX is around 1012 in 10 more weeks. We all know what Fibonacci numbers are in reference to stock market.  At the risk of being called nerd let me repeat very … Continue reading

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Fork

I made this chart a while ago and haven’t seen it.  Its telling we have more to go on the downside.  This is a much easier chart to count the wave with.   We could be in wave 5 of 1.  … Continue reading

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6-10-12 After spain pain

Exactly what was expected from the “leaders” . Spain was bailed out and markets are going crazy. Now here is a chart I have been looking at a lot today this tells me we have few more days to go … Continue reading

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Chart deposits

IMO it is not correct to count this as 1 2 3 4 and 5;  1 there is no question 1422 t0 1357 and took six candles adding both start and end candles. 2.  1357 to 1415 with 16 candles.   … Continue reading

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