DOW…nnnnnnnnnnnnnnnn
After going sideways and struggling to breach the 13700 mark for most of late spring and the earlier part of the summer, the dow FINALLY did push through. Many people then mailed me complaining that since the dow was now over the 13700 mark, I should be talking about all kinds of new stocks and featuring charts and talking up Coffee Pacifica again.
As I mentioned in numerous earlier entries, the dows push over 13700 was not convincing, took too long to happen and may be short lived.
UGH…
As we can see now, I was right, as the dow suffered its worst one day drop of the year.
Many people have been e-mailing me asking why there was no new blog entries lately, well, while waiting for the dow to crash, really, what was there to say?
Most charts I’ve look at lately sucked, today for example, I think I saw three good ones, three! That’s out of over 2000.
As well, over 80% of stocks on the NASDAQ were in the red….UGLY!
This may in fact be my last entry till fall, I cannot say for sure, but people who know better than I do about such matters have already told me they’ve had enough for the summer, and are going on vacations till september.
After expecting the dow to tumble, and then having today happen which was even worse than I expected, it really is enough to make anyone go on vacation, for a very long time!
If anything REALLY noteworthy happens I’ll post it, otherwise…see u in the fall!