Note stop executed back there in January

Posted on Jun 20, 2008 by in Letters

Note vindication of extreme uneasiness during the putative breakout of May. (The bull trap.) At the moment it looks like pretty big momentum on the Dow may find some support. That's the bottom of the trading range. For some reason (who knows) the market has been surprisingly resilient in the face of really daunting economic realities.

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