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Archive for June, 2010
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June 29, 2010

Clockwork Orange

It’s Primary {3} and we need a new label for those wave counts – so let’s give a warm (and long overdue) welcome to Clockwork Orange. The bearish scenario the bears have been patiently waiting to see for almost a year now. And one that Wall Street has its unique way of welcoming:

That’s right, the bears are back – like it or not. There will be a lot of pain – there will be blood – and there will be a lots of ass kicking mixed with generous helpings of bitch slapping. My advice to the bulls: Wear a cup – this will get ugly. To celebrate this occasion the Evil Lair has now officially been set into extra evil mode – [...]

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June 29, 2010

Feuer Frei!

I don’t think anyone expected such a sharp drop during this lazy World Cup quarters pre July Fourth week. And maybe that’s exactly why it’s happening – remember that the market is always out to hurt most participants and I’d call that a textbook curve ball that should be added to the bears hall of fame. I know what you are thinking: Is it over for Soylent Green? Where do we go next? Attempts at providing (reasonably sounding intelligent) answers below. But first, let me do the honors:

Rammstein time!

The bulls are clinging to their 1040.78 May low by a thin thread – as I’m typing this we have been holding 26 [...]

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June 28, 2010

Tuesday Road Map

As it’s a pretty quiet World-Cup-Quarters-Pre-Fourth-of-July week I’ll keep this one quick and simple. Before we get to the chart here’s a latest clip from Karl ‘No Slave To Fashion’ Denninger:

Geezzzz – makes you feel all warm and fuzzy inside…. [amprotect=nonmember] Updated wave count and commentary below for anyone donning a secret decoder ring. The rest of you guys will have to wait until tomorrow – sorry. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your [...]

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June 27, 2010

Spiral Calendar Magic

As you know I’m an admirer of Chris Carolan who runs a pretty purist site for serious market analysts over at carolan.org. Chris is also the author of a book titled ‘The Spiral Calendar’ – unfortunately it’s out of print as it’s some of the best work on time cycles I have come across. I’m sure some you long term readers probably recognize his name as I’ve mentioned his SC market cycles in passing on several occasions and there is even a category dedicated to this.

Now, since the release of his book Chris has not been as prolific on the subject as I would have liked. To his credit, he does make occasional mention of SC cycles over on his blog, some of which I project [...]

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