Dow reconfirmation, SPX 1940…what’s not to like…

Posted on Jul 20, 2013 by in Letters

(sorry no link possible)

 

 

(sorry no link possible)

The PnF method, finding a breakout on the 11th, computes a price target of 1940 for the SPX.   Jack Schannep, the eminent Dow Theory analyst noted this week that the Transportations had confirmed the Industrials at new highs, thus clearing the way for a fully invested portfolio.  The question is not whether you believe this, but  whether you have confidence in it.  We do.

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