Has the Dow fallen through 16,500 support for good, signalling the commencement of the new trading strategy? I think so; at this point, I think waiting a week or so is nothing major, but by the end of September, everything will probably have changed. The 16,500 run was way longer than I anticipated, so strap in and hold tight as the horse race gets wicked fun or wicked annoying depending on your point of view. (I'd be happy to see 16,500 hold for another decade; it's worked really well...)
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