Broken trendlines come home to roost…

Posted on Jun 10, 2011 by in Letters

All the omens are bad -- said the Delphic oracle to Cyrus...  The Dow Theory just threw off a sell signal, the long term trendlines from March 09 (!) are broken and today the Basing Point New High Variant 2 stop is taken out.  As is obvious the wave low Variant 1 stop is alive, but not well.  It is sweating bullets as it watches a train bearing down on it.  You can see it skulking just at the bottom of the chart.

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