Merry (?) Xmas Market

Posted on Dec 23, 2015 by in Letters

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464

A careful examination of the formation here will not show an understandable pattern of higher highs and higher lows -- or the opposite.  What it shows is the chaos of modern machine and contrarian dominated trading.  Nevertheless readers should be aware of the negative weight of the pattern.

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