There’s a lovely English figure of speech which suggests the ridiculousness of something happening: “when pigs fly.” In German, the same sentiment can be expressed by the expression “ich glaub mein Schwein pfeift” which means “I believe my pig whistles.” DB is surely trying, but it’s having a hell of a time whistling a happy … continue reading →
Tag Archives: channels
The big news yesterday was AAPL’s market cap reaching $1 trillion. For chartists, however, the big story was the breakout shown below. It’s hard to overstate the importance of this move. Just a few days ago, the stock had broken below a trend line dating back to April 27 and was retreating from its 2.24 … continue reading →
In our October 6 update on oil [see: Update on CL] I expressed skepticism regarding oil’s ability to continue rallying. It had just popped 30% off the Aug 24 lows, and had broken out of a triangle formed while digesting those gains. Still, I saw it declining rather than making new highs. …lower prices make … continue reading →