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Note from Tim: The Director, one of my beloved Slope Plus members and a frequent commenter here on the blog, got in touch with me and composed this post. He and I have been exchanging emails about having more of this kind of content on the site, and I’d be interested to hear what you have to say. Leave questions and remarks in the comments section, as always.
“The caribou feeds the wolf, but it is the wolf who keeps the caribou strong. ” – Eskimo saying
Monday was a good start to the week. I’d like to suggest that emerging markets are just about to get whacked on the side of the head. The magenta pattern below is the top. The green area is the failed bullish breakout zone. It is my considered opinion prices are about to descend deep within the green again.
