"Any fool can believe the truth. It takes a genius to believe a palpable lie."
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Cycles are the only discipline that allows one to anticipate market turns as opposed to reacting to them.
On the eighth day of October and the eighth day of the government shutdown, a straw broke the back of the momentum camel.
Five consecutive losing days is a rare bird historically on the Dow, so the normal expectation would be for a rally attempt.
The market could be in a similar position again going into the anniversary of the 1929 top.
The market grinned big time on Friday, but can it bear it?
QE ain't what it used to be.
On the 7th day from the signal reversal bar on August 21, the S&P 500 (^GSPC)/SPDR Trust (SPY) gapped down and continued down.