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In this agonizingly absurd up/down/up/down market we find ourselves confronting, I thought I would join in the fun by presenting a set of six bullish charts and six bearish charts (all of them of broad indexes), just to illustrate the quagmire. Out of respect for our overlords, I'll start with the bullish sextet.
First is the Dow Composite, which, yet again, reached Its Highest Point In the History of the Universe. (Otherwise known as a 15 Billion Year High).
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Yum! Brands (purveyors of such healthy fare as Taco Bell and KFC) is taking it on the chin today. I have no position in this now, but as it fights its way back to that gap at 63.90, I think it makes for a terribly-attractive short.
Feeling frustrated? Thinking this year sucks out loud? You are not alone. One look at the NQ for the entirety of 2013 says it all. Lucy is snatching the football away from bulls and bears alike, depending on the day.
