Comments (5)
No. 1-5
Bob3001
Bob3001

Hello,

Bob3001
Bob3001

Hello, Sean looks like that falling wedge breaking out to the down side. The DOW $INDU chart is even more clear. I have been watching/expecting for a while. This is the chart stuff you teach us. Thank You

Sean Hyman
Sean Hyman

Editor

Thanks. Yes, the key will be to see if it closes below the bottom line (otherwise, it could be a fake-out). A close below it would be powerful. Also, see if some of the other indexes (like the S&P 500) closes below it too.

Bob3001
Bob3001

Hello Sean,
I was fortunate; I grew up with a Dad and a Mom. I cannot recall how many years I sat down on Friday night at the kitchen table with my dad while he charted his stocks for the week. His favorite thing to say was, “what goes down will come back up”. He would follow up with, “buy good companies”. He would talk about what companies were getting close to selling and which companies were getting ready to repurchase. Many of the same companies he bought and sold several times over. I do not recall my dad ever buying a new car.
Over the years I maximized the IRA’s and 401k’s to minimize taxes at the time. Now I am glad that I did.
Except for the currency trades, I sold the UWR on the way up for a nice return. I am now at 90% + cash. The LI portfolio is positive the last week, as the rest of the world is rolling over the cliff. I am ready.
Thanks to you for the next generation that sits around the kitchen table.