Stops. And esoteric technical arcana…

Posted on Jul 02, 2010 by in Letters

Email pours in from friends, students, readers, colleagues.  How did the market know where your stop was (9729) and know to stop just above the stop.  (Stop us if you've heard this one.)  Do we like this stop? No.  We set it back in December from a congestion pattern.  We actually think it should be set using a Basing Point from February, which we have illustrated here with the lower horizontal line of 9408.88.  In fact that is the stop that is generated by the weekly Basing Point system.

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