Monday, December 7, 2009
ENTANGLING: UNFAVORABLE MARKET CONDITIONS
RANGE COUNTER: 18 DAYS
Range counter is at 18 days now. My friend Charles Kirk calls it the “watched pot that never boils.” It will boil soon and when it does the market is going to take off one way or another. The bulls and the bears are fighting it our here with the bulls daring the bears to try to take the market down again (something they have failed to do many times since March) and the bears daring the bulls to take the market up to a new level it has not seen all year. Who is going to win? Better yet, will we be ready when it happens? I know it is like beating a dead horse to continue to discuss the matter but it is what it is and there is nothing I can do about it but wait. A few new entries have made our newsletter today but until the futures take us in some direction there is really no need to get too excited.
