Rest of the last letter…

http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=574130367 Absent minded?  Who's absent minded?  Well we did forget the final part of our last letter -- our first mistake this year.  So here is what we forgot to…

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Playing with fire…

http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=574130367 As our readers are well aware we detest making predictions and forecasts --  and we generally mock and deride analysts who do.  so we have been putting off writing…

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Standing in front of the train, or riding it…

http://stockcharts.com/h-sc/ui?s=%24INDU&p=D&yr=0&mn=6&dy=0&id=p75734112346 The WSJ notes that many investors are standing on the sidelines salivating -- waiting for the correction to buy.  This is amateur tactics. When the market has (or is)…

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Breaking away…

  http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr LD=0&mn=6&dy=0&id=p70142979615&a=266398464 These are stong buying signals.  We are buying more UPRO ($spx) and QLD (QQQ)  At the moment there is no defined resistance overhead. We think the last…

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