Monday June 18, 2012
On June 10 we suggested Better Hurry the Bargains Won't Last Much Longer. Today the Transports confirmed that prediction. Interestingly last week Richard Russell issued a warning that we are now in a new Primary Bear Market. I don't think so Richard, though you have been publishing a lot longer than myself.
The move down was designed to run the sell stops of all the non believers who like Bill Gross think this is not the real thing. Now the Transports have noved up in convincing fashion through both MAs, as well as the MACD turning up.
We bought more FCG, XME, and XES today.