Is that it? No. Not yet. But careful chart reading pays off.

Posted on Jan 15, 2009 by in Letters

The Dow has been down 7 days like, you know, like two or three times in 23 years.  (We forget the exact sttistic becuase it doesn't interest us much.)  A careful look at the chart here will show that one of those times was the toboggan run to the panic sell off in October.  Back in the old days you could pretty much buy the close on the fifth day down and depend on making a quick buck.  These here is different times.

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