Lack of certainty…

Posted on Sep 13, 2015 by in Free Letters

http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p27293583434&a=424016262

We have remarked that we consider this year long action one formation.  And -- with 20/20 hindsight it is now clear that the systems Basing Point should have remained at the oct14 low.  We had already discounted the flash low as an  invalid trend change.  This reconsideration furnishes the theoretical rationale for our present posture.  Which is... We scaled in to small bets in UPRO.  An aggressive move.  Not for conservatives.

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