Tweet By Jeff Pierce A McClellan Oscillator barely clinging to a positive close,  a diamond topping pattern forming on the heels of a major run being forced upon the market by the resolution to the Fiscal Cliff –> markets feel toppy, bottom line. I continue to stress booking profits and reducing long exposure at this time [...]

Tweet By All About Trends As far as the indexes are concerned we don’t like them here as we said yesterday, not to mention overbought and getting more overbought by the day when viewing the daily and 60 minute charts. BUT the super short term micro 15 minute charts are in play currently. Right now [...]

Tweet By Jeff Pierce

Tweet One aspect I forgot to point out in this video that is very important is that often times selling comes in three waves. In this chart you’ll see very clearly the three waves of selling that started mid-Sept and the fascinating part is each bottom had either a new/full moon associated with the bottom. Monday’s [...]