Market rhythms…cha, cha, cha

Posted on Apr 19, 2011 by in Letters

We remarked a few days back -- about the 6th that a change of rhythm was occurring.  And that certainly appears to be the case.  After a little upwave of about 7% and 16 days the downwave we are in now began -- now at 9 days and 3.334% in the SPX.

Other changes are the recovery of treasuries and yesterday the downgap in the euro.

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