2009: The Year of the “W”

{ Posted on Apr 30 2009 by Minyanville }
With White Snake echoing in my crowded keppe and a multitude of crosscurrents jockeying for attention I wanted to clear the mechanism and scribe some vibes as a follow up to yesterday’s morning missive which seems to be garnering a fair amount of attention.In no particular order:  A smart man once said you can game the market direction or nail the timing but you'll rarely capture both. From a big picture perch my sense is that 2009 will look like a "W" and we're somewhere near the middle peak. Through a pure technical lens an upside breach of S&P ...

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