Seven Points

posted Sep 4, 2014, 9:54 AM by Katie Shook

Since August we've experienced just seven points difference between the high and low closes up through Wednesday September 3rd.  Seven points!  Either this market is waiting for the other shoe to drop, or we’re going to have to take a serious look at whether or not this is consolidation around the 2000 mark.  What would be helpful is for the market to make a definitive move in some direction.

I heard it phrased very interestingly today:  it’s difficult to think of a time in recent memory where so much uncertainty surrounding geopolitics and global fiscal policy existed;  and yet the markets continue to climb.

As you've heard me echo before:  keep doing what you’re doing until the market tells you otherwise.   

DAILY DIGITS — still unchanged pretty much

Weekly Estimated Range

Weeklies 9-4-14

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