Tuesday, September 13, 2016

Triangle witchcraft

The bear case: Friday's break was so bad that there will be more to the downside
The bull case: Sideways motion from here, even in a wide range, will heal Friday's break.

If the market goes to the support line I think there will be a lot of buying there.  Of course a shock could send the market right down through it.  If it doesn't hold, well I am not thinking about it.

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