Morning Gang!
The great Jeff Cooper pointed out today that we are exactly 7 months from the low. We are 7 years from the 2002 low. We are 70 months from the high of the first rally off the March 2003 low. The market plays out in 7s or known as the number of change/panic.
Are we getting a graceful exit on this backtest or are we set to explode one more time to the upside creating the narrowest of channels.
SRS or otherwise known as portfolio death looks good here as the real estate index gave a sell signal yesterday on an up day.
Hit em Hard
Wednesday, October 7, 2009
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