I wouldn’t buy anything in this market, but as your resident chartist, I must offer the item below, which has a well-formed saucer pattern and has sunk to what seems to be an appealing price.

Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
As we drum our fingers, waiting for the FOMC in four hours, I offer you a chart of a company which inexplicably keeps lurching to lifetime highs: none other than IBM.

Welcome to a new week, everyone. The first of TEN weeks uninterrupted by holidays. Huzzah! In the not-so-huzzah department, the /ES has lifted about 140 points since Thursday morning.

Honest to God, I’ve never seen anything like Eli Lilly (LLY) before. All it does is go up, and up, and then up some more. It’s like how people are famous for being famous. This stock goes up because it goes up. With a P/E of 80, it isn’t because it’s a bargain! I wonder who will be the one standing when the music stops playing.
