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SHORT-TERM MODEL BELIEVES THE TREND IS UP, HODING BOTH LONG AND SHORT (TRAPPED) OVER THE WEEKEND
First of all, it’s poll time, let’s VOTE!
The bottom line, wondering whether the law of inertia no longer applies? Well, certainly there’s a possibility because you Earth people have a magic called printing, but if you paid attention to the NYADV chart I showed you last night, you’d know the next Monday is the key: whether we’d see a lower close (than the Nov 9 close) soon or never. And by the way, that’s why I said last night that we need see today and the next Monday.
So, will we see another up Monday? I don’t know but certainly chances are not high for yet another big up day because NYADV and TICK are too high. And the seasonality is not very bull friendly as well, you can find it at the “Trader’s Calendar” at the top right corner of the site’s home page. Enjoy your weekend!