Barely were the words out of our keyboard before the market bit the shorts

Posted on Nov 21, 2008 by in Letters

Yesterday we opined that we felt an upwave coming on.  Come it did, with a vengance.  But the damage is done in terms of the chart pattern.  The solid break of the old low presages more down action -- always and if the nearest wave high (that of November) is not taken out.

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