Buy buy buy… or, bye bye, downwave

Posted on Jun 29, 2011 by in Letters

The pattern seen above is being repeated all across the markets, from the IWM and MVV to the Qs.  We are buying the major indices, expecting it to turn into a trend trade (but not counting on it) and we analyze (note, not think--we've done too much thinking lately and it's bad for your health and your portfolio) that a new upwave is taking off.

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