Tbf 500k is middle class

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At the NYSE this morning, a floor old-timer came by and said, "Friday Oct. 16, Monday is Oct. 19 - just like in '87..." Sure. One thing different from '87 is you didn't then have people with living memory of a one-day 22% crash who saw a possible rerun on the screen when they blur their eyes...

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It's been 39 years now.

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RIght. And in '87 it had been 58 years since the prior scarring crash.

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Do charts work because traders follow them, or do traders follow them because they work? Plus: WTI vs. Brent crude, finding new market leaders, Netflix accumulation, and the one momentum indicator I’d choose above all others. Friday Mailbag 👇 youtu.be/8OqKsSWub2w

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