Breaking away? or breaking backs?

Posted on Jul 25, 2018 by in Letters

While we believe that contrarians still control the market, there is no doubt that prices are breaking above their highs and throwing off buy signals.  The new high was made a few days ago --on such lackadaisical action that it looked like a bull trap.  But now we are getting confirmation thrust and buying is less risky.  In fact mandated.  We don't think it is an "all in" situation but these are the best signals we have seen in months and scaling in and adding on are certainly in order.  Thee is one more high to subdue before the all clear signal flashes, but this action is very favorable.

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