More tears are shed over answered prayers…

Posted on May 18, 2017 by in Letters

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464

You (we) complained about the somnolent nature of the market.  Here's a slap in the face from the market.  A nasty, ugly chart -- the result of Trump and politics  --they tell us.  Could be.  A 43 point drop in the SPX (372 points in the Dow).  But let us look at the context.  The nasty gash on the chart from today is still within the congestion zone defined by the two horizontaal lines at the top of the chart.

This is only a preview. You must be a subscriber to access the full text of this letter.


 
Username
Password
 

 
Choose a Username*
   
Email *
   
First Name *
Last Name *
   
 
  * Required

Tags: ,

Comments

You must be a subscriber to view and submit comments on this post.