Probing for the bottom…

Posted on Jan 11, 2016 by in Letters

 

weekly bars

http://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=2&mn=0&dy=0&id=p19867336111&a=440585757

We expect, any moment, a bounce from the waterfall wave we have seen for almost two weeks.  Perhaps as early as tomorrow (Tuesday).  The magnitude of the wave is nothing out of the ordinary (7%, m/l), though the daily waves have been somewhat discomfiting.

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