The Morning After

What a disaster for Boehner & Co. last night.   Did we really need another warring faction?  What are we — Greece!? Wait, don’t answer that!  The markets will not take kindly to this additional complication. Today’s theme song: Maureen McGovern’s song from the 1972 Poseidon Adventure.   Don’t laugh, it won an Academy Award! What sold … continue reading →

Still Groovy: Dec 19, 2012

A quick plug: for anyone doing any last minute holiday shopping, I recently found a wonderful online shop that carries very cool shabby chic, french country and vintage decorative goodies.  After looking everywhere, I snagged some vintage champagne flutes at a very reasonable price.  I also understand the proprietor lost a loved one in the … continue reading →

Charts I’m Watching: Dec 11, 2012

Today marks the 6th session since we shorted at 1423 [see: Without a Net] in anticipation of a strong downdraft. The first wave down since then was a respectable 25 points, hitting just below our initial 1400 target.  Wave 2 has since rebounded a little over a Fibonacci 88.6%, but is definitely taking its time.  … continue reading →

Charts I’m Watching: Dec 10, 2012

The market continues to walk a tightrope between another leg up and a very significant tumble.  We’ve been here many times before in the past year, and it isn’t getting any more fun.  To recap… We remain short from 1423 on Dec 3 [see: Without a Net].  This was target A established in our Oct … continue reading →

Last Call: Dec 07, 2012

Feeling pretty jazzed, as things should finally get underway today.  Today’s theme music from the late jazz great Dave Brubeck, the last of his kind.  This track features Brubeck, Paul Desmond, Eugene Wright and Joe Morello doing what they did best — laying down some hot licks.   ORIGINAL POST:   9:15 AM Though the jobs … continue reading →

Charts I’m Watching: Dec 6, 2012

ORIGINAL POST: We can’t call the corrective wave over just yet.  There’s still potential to one of those fibs or channels we discussed yesterday before the 3rd wave down gets going. But, RSI is still showing no breakout potential on any time frame. A 50 – 88.6% retracement is considered “normal” for 2nd waves.  This … continue reading →

Without a Net

The toughest moments for those of us who chart publicly are those right after calling a significant top or bottom.  There are some instances when pretty much everyone and their mother can see a turn coming.  Other times, it feels like you’re sailing through the air, frantically searching for the catcher and hoping he hasn’t … continue reading →

Charts I’m Watching: Nov 26, 2012

MEMBERSHIP NOTE:  I have set up a Twitter Account (@pebblewriter). I will endeavor to tweet important intra-day alerts within a few minutes of posting them in these pages.  I believe you can arrange to be notified of any updates by text or email.  Alerts will contain a link that directs followers to the pertinent post.  I’m … continue reading →