More of more of the more of the same…

Posted on Dec 10, 2011 by in Letters

Or, making sense of the senseless.  From Aug 8 to Oct 21 the market writhed (wrothe?) sideways finally breaking out enough to suck systems in long.  Itr had alread sucked traders in short first week October in the bear trap which we ignored.  The October wave high may still turn out to be a bull trap.  But at least we can interpret what is going on.  The exit from the trading range should in any rationally run universe represent the market's readiness to rise.

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