One tweet values 623 points?

As we were saying–the primary hazard of this market  (so far) is extreme surprise volatility.  While we have drawn a downwave trendline here we would be very chary of betting on a breakout of that line.  Rather an aggressive trade would be trading a clear breakout of the rectangle as indicated by the horizontal line.  A more conservative trade would be after a new high.  Until Trump passes from the scene market squalls can occur at any moment.

We will shortly be publishing a letteer assesssing the present state of the market and the risks involved.  Stay tuned.

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