Dead cat bounces and the true state of the market.

Posted on Jul 07, 2010 by in Letters

Tuesday didn't furnish much of a bounce, but as this is written Wednesday one could think -- well, maybe this is over.  And maybe this downwave is over, but what is not over is the general state of the market.  Which is in a trading mode.  And the trading mode is within a downtrend.  During times like these investing and trend following can be very frustrating.

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