kaltbaum email
Glad now I backed off FRAN as it reversed down. Will let you know.
Not going to add anything tonight but thinking S&P high will be taken out. I am seeing better action in financials and commods not pulling back…so on next good day for them, market will go through.
I suspect we will get many more set-ups in the weeks ahead as long as market hangs in there.
Am using GLD as insurance against unexpected negative events — such as an attack on Iran’s nukes to distract us from pressing domestic economic problems. (a la the apirin factory attack ploy)
Still recommending stops below the 50 day?
Ron