Surge, drift, flush…

Posted on Sep 30, 2010 by in Letters

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p01433014824&a=207879904

We are in a bit of tight spot from the point of view of trendlines here.  In effect there is no good anchor point in September, leaving us to basing points and money management stops as we previously discussed.  Nonetheless of some use to us is recognition of the surge-drift-flush pattern which appears to be setting up now.

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