Buckle seat belts… flagged down — or up –or….

Posted on Jan 22, 2013 by in Letters

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p16768279576&a=214966864

 

Well, maybe it was a flag.  It's acting more like it now.  You know -- for a flag you have to have a flag pole.  that usually means a lower section, the flag itself, which ought to drift lower and the upper section, which ought to be proportional and similar to the lower section.  But this bastard variety seems to be composed of strong power bars on the upper section.  This could be good, in that flags tend to finish waves -- in general, insofar as any certainty exists in these markets.  There is a sniff of parabolic move here.  That also finishes waves.

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.