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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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202Riders participate in the 74th "That Famous Preston Night" Rodeo in Preston Idaho, August 1, 2009. The annual event is billed as one of the region's biggest rodeos, bringing top riders and thousands of fans to the small southern Idaho town. Photo by Colin E. Braley
 
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