The turkey that ate bears…

Posted on Nov 08, 2017 by in Letters

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

Every year at Thanksgiving we make a donation to the local foodbank.  You can find your local foodbank on google or use feedthehungry.org.Alot of people are teporarily saved from hunger at Thanksgiving by a simple donation.  We heartily recommend it.

Meanwhile the turkey that ate bears has sleepily advanced from new high to new high.  We are presently in a 60 day wave. Notice the volume bulge.  Bullish.  But– it would appear  that a correction is inevitable.  Trying to anticipate this pullback as a tactic has proved counterproductive time after time.  Just sitting and grinning and bearing it — and buying heavily based on the alpha-beta pattern has proved to be the long term wise tactic.  So right now readers should be raking together capital and licking their lips.

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