I see no point in trying to forecast intraday, or even daily moves in this extremely manipulated stock market.  So, I’m going to focus on the weekly instead.  Let’s look at the weekly chart below…

We are clearly forming a nice bear flag on it, as we have now completed 3 weeks of . . . → Read More: Weekend Update…

NO POST FRIDAY… NOTHING CHANGED!

NEXT POST SUNDAY NIGHT.

This is How I feel… Clueless!

More bears were shook out the tree today as buy programs come to the bulls rescue once again.  Yes folks, we should have tanked again today, but . . . → Read More: Bear Shake…

Some wild swings in the morning, and then some sideways chop until the close…  but we’re still in the rising channel on the 60 minute chart below.  I didn’t think the move down yesterday was going to stick, as the volume was just too light.  The 1092 level that held yesterday, will move up . . . → Read More: Still In Rising Channel…

The market sold off today on a worst then expected consumer confidence number.  Duh!  I could have told you that!  Well, I guess they have to have something to blame the sell off on.  It’s not like they are going to go on TV and say how extremely overbought the market is, and that’s . . . → Read More: Strange Sell Off Today…