SPX: The View from 30,000 Feet

Our charts have grown fairly “busy” lately, what with harmonic patterns, chart patterns, fan lines, channels, etc.  I find it helpful every now and then to take a step back and examine those elements that have had the biggest impact in recent years — and are likely to continue doing so. In my opinion, the … continue reading →

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 →