It Won’t be Long

ORIGINAL POST:  10:00 These are the toughest times in investing — calling a top or bottom, then watching an opening that threatens to undo it. I mentioned in yesterday’s first post I was expecting a choppy next few days.  Talk about understatements… After scalping a quick 36 points (going long Friday at 1292, selling at … continue reading →

Slip Sliding Away

We’re getting dangerously close to our downside target range of 1295-1323, first discussed back in April. 1349.42 — .886 of the purple Butterfly (tagged) 1343.41 — 1.272 of the yellow Crab pattern (tagged) 1340.03 — horizontal support, prev. Point X  (tagged) 1323.85 — 1.618 of yellow Crab (next) 1317.63 — 1.272 of purple Butterfly 1289.14 … continue reading →