Archive for January, 2018

Rest of the last letter…

Posted on Jan 29, 2018 by .

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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 say:

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Playing with fire…

Posted on Jan 29, 2018 by .

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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 this letter for some time.

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Standing in front of the train, or riding it…

Posted on Jan 18, 2018 by .

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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.

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Breaking away…

Posted on Jan 04, 2018 by .

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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 thre wavelets here are constructive to the trend.

And, also (!) the state of the parabolic wave is murky, but always present.  Don’t overtrade.  As we were saying, don’t overtrade but be prepared for a surging market.

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