Potential breakaway…

Posted on Aug 16, 2012 by in Letters

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p70413847164&a=214966864

For 8 days the market has been eating the shorts' lunch -- in the most demoralizing way possible -- a tiny bite at a time.  Today the market is taking a big bite out of their accounts.  And doing it in an emphatic fashion.  A close on the highs will take out the May 1 high of 1415.32 and will also take the air out of the bears.

This is only a preview. You must be a subscriber to access the full text of this letter.


 
Username
Password
 

 
Choose a Username*
   
Email *
   
First Name *
Last Name *
   
 
  * Required

Tags: ,

Comments

You must be a subscriber to view and submit comments on this post.