Smoke Signals

We love because it’s the only true adventure

—Nikki Giovanni

We got back from the mountains last night and I charted the daily
Dow Jones Industrials. We look to have completed an ending diagonal triangle with a throw over:

Last time I saw this was August 1987. Shortly afterwards, the market turned down sharply, paused, rallied into September, and then crashed 32% in a day in October.

The overall condition of the U.S. Stock market is more vulnerable today by far than in ’87. It looks to me like a strong bet that the Grand Super Cycle bull market will top within the next 90 days.

Cheers,

Rod

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