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[newsletterchapter2 title=”GENERAL MARKET COMMENTS”] The 10/15 “Black Hole” (0%) Capitulation on the “Ebola Low” continues to be a very significant price event: “The degree and persistence of the Recovery was and remains generically Bullish.” Thus stocks were allowed but not necessarily profiled to go higher. I repeat: “It is ideal to know when there is a cogent edge like a Black Hole. Nothing now.”
It may be hard to appreciate that I have a toolbox that allows me to parse market time. That unique edge does not always produce a cogent profile. It may be more important to know when you don’t know something than to always presume that you do have an edge all the time. There are other Black Holes coming but not in a time frame that shapes trading and investing near term. Enjoy these Holiday Markets. Maintain your psychological Capital.