Two Weeks to Rally?

We couldn’t have picked a better week to go on a cruise. 

Since our Trading Model started to flash “Everyone out of the pool!” back on July 3, when the S&P was up at 2,076.78, we’ve been waiting to see whether a couple of key support levels would hold. 

This morning, with the S&P at 1,921.22, the market is down about 7 1/2 percent, but we’d actually like to see a bit more of a decline before we move into a likely rally period.  To be sure there are many market “experts” who think we are crashing and to that end, we should all be in the fallout shelters already.

My view is a lot more pragmatic than that, so let’s hop to it.  As Front wrote “…and miles to go before I sleep…”

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George Ure
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3 thoughts on “Two Weeks to Rally?”

  1. OOps “Front”, just wanted your readers to know what “other” literary genius you speak of….

    Whose woods these are I think I know.
    His house is in the village, though;
    He will not see me stopping here
    To watch his woods fill up with snow.

    My little horse must think it queer
    To stop without a farmhouse near
    Between the woods and frozen lake
    The darkest evening of the year.

    He gives his harness bells a shake
    To ask if there is some mistake.
    The only other sound’s the sweep
    Of easy wind and downy flake.

    The woods are lovely, dark, and deep,
    But I have promises to keep,
    And miles to go before I sleep,
    And miles to go before I sleep.

    Robert Frost

    And he wrote my favorite poem of all time “Road not taken”

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