May 21, 2018 | Your Daily Scandal Sheet!

I’ve become more bluntly opinionated in these pages lately because following the markets from a purely technical perspective has become almost too boring to care about. Gurus by nature are wont to predict that ‘something’ is about to happen. However, long stretches of tedium, including such innumerable, senseless rallies to nowhere as we’ve seen in recent weeks, mock my efforts. But I cannot tell you to expect anything like a collapse, if for no other reason than that it is simply not in Amazon’s chart. The stock is the best proxy we have for the mindset of institutional ‘investors’, who show no sign whatsoever of being ready to pull the plug.
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Rick Ackerman May 21st, 2018
Posted In: Rick's Picks