OT: ¡Bienvenido Lucas!

A major pal of IKN's humble scribe has just seen the birth of his second child, so as it's relax-out Friday (and as a distraction of the market disaster zone due to kick off in 43 minutes time) here's baby Lucas, his beautiful mother, ugly father and Lucas's big brother, Pancho.

¡Felicitaciones che!

Trend and Value says SPX is going down

There aren't many chartists I take seriously but Lucas most definitely is one of them. Check out this post and the chart here that he put together today.

Trend and Value Report: An impressive call

Back on November 8th 2008 the S&P stood at 930.99.

On that date Lucas at Trend and Value posted this long (for him anyway) but informative post in which he called the S&P at 666 in 2009. Here we are with the S&P at 668 and dropping into the bell. Big kudos Lucas, that was one helluva call.

I'm fussy about who I link to on this blog. Trend and Value has long since proven to me that it is a high quality resource for market intelligence. Make it part of your reading list, too.

UPDATE: The S&P pinged to 683 at the bell on late buying. Takes nothing away from Lucas's superlative forecast. In fact if 668 ends up as being the bottom of the bottom it just makes it even better.

Trend and Value Report get queasy

Totally recommended post over at Trend&Value today, with Lucas noting that his experiment with Padovan numbers seems to be working (better than his forex calls)

He's also coined a very cool phrase, "Queasy Money". Personally I think he should copyright that sucka before some other blog tries to claim originality. Here's the link; a required visit for us financial wonks.