Well, that stunk! We went from busting above 821 (exciting the bulls), plunging 35 points within just a couple of hours (exciting the bears), and then – – with the generous help of our good friends the PPT – – soaring 25 points in the span of an hour. I imagine pretty much everyone is ticked off at this point. I know I am.
I'm inclined to wonder if the sell-off was the market tipping its hand. The green area above is vintage PPT.
I've had quite enough of charts for now, thank you very much. Back to the slope (the one with snow, not this one), and back to clearing my mind!