With the yen carry trade being the single biggest driver of the rally since 2012, how is it that the “market” continues to rally even after USDJPY has broken down? Because, make no mistake about it. The rising white channel has broken down.Fortunately for the bulls, TPTB have several other levers by which to force … continue reading →
Yearly Archives: 2015
This is The Powers That Be’s favorite time of the year — and, I’m not talking about the Christmas spirit. The extra low volume ensures they are able to do pretty much whatever they want — including, of course, breaking chart patterns. So, when we see a channel break down with bearish implications, we can’t … continue reading →
Since the last Big Butterfly Pattern completed on May 20, TPTB have managed to limit the fallout to a relatively minor correction that left the rising channel from 2009 intact. On both a percentage and duration basis, the August plunge wasn’t even as bad as the 2011 one. That is, of course, if one considers … continue reading →
NOTE: We still have two annual memberships available at discounted prices. CLICK HERE to save over 2/3 off. * * * * * One of the central conceits of Lost, a hit, mind-bending TV show from the last decade, was a protocol in which a sequence of numbers had to be typed into a computer … continue reading →
Are you asking yourself “what has the FOMC done for me, lately?” We still have 4 discounted memberships left. Enter the coupon code “FOMC” where indicated and get a one year membership at over 2/3 off. For details and to sign up CLICK HERE. * * * * * After all the drama surrounding the … continue reading →
FOMC Flameout! Not to be outdone by the Fed, we are having our own big event. Be one of the first 10 to subscribe to a regular Annual Membership and enter the code “FOMC” in the space provided for a massive $1,000 savings the first year. Or lock in your savings for life with a … continue reading →
In the spirit of all the pre-FOMC excitement, pebblewriter.com is going to have a little fun. Take a stab at tomorrow’s closing S&P 500 index price. Closest to the pin gets their choice of a one year membership for yourself or a (very good) friend — a $1,750 value — or a one-hour chat with … continue reading →
NDX nailed the initial target identified in our September 24 update where it got a strong bounce that took it all the way back to the broken purple channel’s midline and a new all-time high. This is pretty typical of NDX, which plays fast and loose with chart patterns and Fibonacci patterns — especially when … continue reading →
In our September update [see: Sep 14 NG Update], we identified some bounce targets that would naturally follow the completion of a Bat Pattern in natural gas. But, we also noted that NG, like oil, was being suppressed in order to facilitate the yen carry trade. But, like CL, NG is being artificially suppressed in … continue reading →
I used to really love VIX as an indicator of future market moves. For the past several years, however, central banks and their proxies have been using it as a tool, bashing it every time they wanted to goose stocks. Still, there’s value in charting it, if for no other reason than to understand what … continue reading →