Mixed signals: Dow Theory sell. Magee BPs hold. 49ers punt…

Posted on Apr 12, 2018 by in Letters


There it is.  Clear as mud.  Why do people say that anyway?  Mud is not clear to us.  We always wallow in it until we make some sense of it.  Clearly there is a lot of mud going on here, and with a crystal ball and a marijuana stock (or a stock of mary jane) we can make something of it.  Looked at up close it looks like a triangle struggling to be reborn.  Surprisingly from the long view it looks like a top (but of no known identity).  Wallowing around down here in the mud we still believe it is a temporary correction, but not buyable because of the excess volatility.

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