Monday was a very low volume down day – typically a No Supply type pattern – but we’re back down at 1,040 and on a knife edge. The Bulls just can’t get this rally going.
It’s funny, I’m a Bear by nature but I don’t really want to see the wheels fall off the bus. Yes, we need change – and not the lies from you-know-who. The financial system needs to be flushed out, we need to get back to innovation, production and real wealth creation. But it’s gonna hurt – hurt people’s pensions, hurt people’s sense of wealth, hurt people’s stable lives.
Be careful tomorrow – a close above Monday’s high will mean the rally still has a chance. But a close below Friday’s low will mean we’re heading lower.
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