Squirrel markets. Bulls bears mules hibernate. Playing defense better than the 49ers.

Posted on Nov 22, 2010 by in Letters

http://stockcharts.com/h-sc/ui?s=$INDU&p=60&yr=0&mn=2&dy=0&id=p25782902376&a=202457238

Squirrel markets can drive you nuts.  It certainly drove us nuts to write this commentary.  And it's probably driving our readers nuts.  It was not till we went to the hourly chart that it became clear to us.  As you can see we are in a clear downwave, now 12 days long and about 3 and a half  percent.

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