Don’t ask us why, because we never worry about why, but the expected downwave has not yet materialized, and, in fact a number of issues we watch are breaking out: BAC, here, and not illustrated, but with similar charts, C, AIG, and TBT.
We will be adding on to our commitments in some of these.
Meantime, people who are lot smarter than we are are fretting about the lack of volume, the indicators that do’t bark in the night and the world economic situation. We’re just making money the old fashioned way — by analyzing charts. If our readers are not making money they are not paying attention.
When’s it going to end? Who knows? The chart knows what evil lurks in the hearts of men.