Never be in a hurry to do something stupid. Lee Richartz eminence grise of American Finance

Posted on Apr 04, 2008 by in Letters

The geese are flying back north, the chickens are coming home to roost and the traders are feeling their oats and the pundits are saying buy buy buy and the chart is saying, what me worry? --or actually that was Alfred E. Bush. The chart is saying this is all a bunch of sideways stuff. To belabor the obvious all points after 4 (.1.2 etc) are between 3 (low) and 4. By definition a trading range with a bearish bent. Any more questions? Good.

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