Hope you had a good new years. Here’s a video highlighting what I think are some important current developments. (After recording and saving it, I realized it was very small. Oh well, still some good content. I wasn’t going to record it again.)
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Hi Jason! I see you are the kind of guy that doesn’t
get too wrapped up in all the hype and rift raft
noise of the market. But anyway, I do see two things
according to my perspective: 1. the other websites
that I follow are showing a rising bearish wedge
and; 2. they show 1260 as strong support for the
$SPX.
If we break down below that level several of the
spin doctors on CNBC are looking for a pullback
into the 1225 to 1230 range. HW
Also, I just got a buy signal on Amgen. HW
I personally think it’s foolish to draw a line in the sand and say: “if the market goes below X, a correction will follow.” I’ve seen way too much noise and way too many false moves for me to be that mechanical. JMO