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Trouble in Crypto-land?

December 23, 2017 // 0 Comments

Remember the 1990s?  When any  company with a newly-invented basic website was bid up up and away even though it has no earnings nor any prospect of any?  Even stolid old Auntie BT  (with earnings) was swept up in the mania. Now we see that period as a mania, but few did then. Well folks, today we have an almost identical mania going on in Crypto-land. There is a nice [...]

Correction to my S&P charts

December 16, 2017 // 1 Comment

Monday 18 December correction:  I have incorrect labels in the second chart of the 2-hr S&P and this is the correct labeling Wave 4 is Friday’s  a-b-c decline and wave 5 is the current wave.  This is the bearish option that would apply if the market turned hard down today.  It didn’t, so this is my most favoured interpretation: The December rally is a [...]

Warning! This is a Bitcoin-free zone

December 13, 2017 // 0 Comments

Yes, not a single mention of BTC here (but I am alluding to my main trading crypto – Ether).  Mind you, I must be one of the few not to bring up the dreaded Bitcoin word.  In a recent email, I counted six of the top 8 articles with BTC in the title.  There is also an explosion of articles in much of the MSM. This is a massive feeding frenzy in [...]

Does the US tax cut signal a top in stocks?

December 2, 2017 // 0 Comments

Yesterday’s volatile stock market action was telling.  For the first time in weeks, the Dow suffered a significant fall – but then recovered.  The VIX Volatility Index was likewise volatile (sharp up and then sharp down)  The news items that emerged were that a former administration official was about to spill the beans on the Russian Connection (down [...]

Are we there yet?

November 29, 2017 // 1 Comment

I ask that question rhetorically because I have asked it several times this year – and the answer was always ‘no’.  A few weeks ago, I noted a rush of MSM articles that proclaimed the end was nigh – and I took that as a clear signal the end certainly was not nigh.  And today on Bloomberg, I note these bearish articles: “Goldman warns [...]
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