Not a surprise…

Posted on Aug 23, 2015 by in Letters

http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=0&mn=7&dy=0&id=p51053375451&a=417742260

With the market vulnerable Thursday the contrarians changed the game.  From selling strength and buying weakness they changed their tactics and went for the jugular, piling into shorts.  They were quickly joined by the HFT, hedge funds and institutional day traders.  These guys know an opportunity when they see one.  The results are bloody to see. -500+ points in the Dow.

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