The present state of the market…

Posted on Jan 19, 2019 by in Letters

It is interesting to note that during the recent sell-off prices did not take out the very strong and long P&F trendline.  We won't go into the niceties of P&F charting except to say that trendlines have the same import as  bar chart trendlines.  In fact it might be said they are marginally more powerful because of the P&F chart's filtering of noise.

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