$spx, $indu — the big (big) picture…

Posted on Sep 11, 2010 by in Letters

http://stockcharts.com/h-sc/ui?s=$INDU&p=W&yr=4&mn=0&dy=0&id=p14903824659&a=205853690

See anything interesting here?  Unlike what you see is what you get, what you see is what makes you successful or not.  Was it Goethe who said you see what you know?  What we know is that these two horizontal lines define the sideways mule market.  In the Dow about 1640 points.  And about a year in duration.

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