Tagged "MDD"
Two cents:
- Most likely the selling isn’t over. So no lower low, simply keeps bouncing tomorrow, it’s a sell opportunity. I don’t mean you should sell tomorrow of course, will have to wait and see.
The bottom line, there WERE 84% chances SPX would close in green tomorrow because we had 2 consecutive Major Distribution Days. [Read the Rest]
...Three cents:
- The selling might not over yet.
- Should see a rebound as early as tomorrow.
- What I’m not sure is whether we see rebound first or more down before rebound.
Four cents:
- Should see lower low ahead, so if rebound tomorrow without a lower low first then it’s a sell opportunity.
A little little bullish biased toward tomorrow because today is a Major Distribution Day so about 62% chances a green day tomorrow. [Read the Rest]
...SHORT-TERM: MAY SEE MORE SELLING BUT STILL THINK 12/27 HIGHS WILL BE REVISITED
Three cents:
- Likely more selling ahead.
- Not sure whether the SPX target 1293, is still valid or not, I mentioned in 12/23 Market Outlook.
THE SHORT-TERM MODEL BELIEVES THE TREND IS DOWN HOLDING PARTIAL SHORT POSITION OVERNIGHT
The bottom line, most likely we shall see more selling tomorrow. [Read the Rest]
...SHORT-TERM: IN WAIT AND SEE MODE, BUT BEARISH BIASED
The market did almost exactly what I mentioned in 12/16 Market Outlook, since the 3rd push up couldn’t make a higher high therefore as usual, you Earth people began to try on the downside. [Read the Rest]
...SHORT-TERM: COULD SEE MORE SELLING AHEAD
First of all, starting from the this week:
- We’ll have a drill (test post) to make sure all the paid members are able to read member only posts.
SHORT-TERM: IN WAIT AND SEE MODE BUT I’M BEARISH BIASED
First of all, starting from the this week:
- We’ll have a drill (test post) to make sure all the paid members are able to read member only posts.
THE SHORT-TERM MODEL HAS NO IDEA ABOUT THE TREND HOLDING BOTH LONG (TRAPPED) AND SHORT OVERNIGHT
The bottom line, the close was strong but I don’t think it means today’s drop is just one day event. [Read the Rest]
...SHORT-TERM: LOWER LOW AHEAD
Today, the market finally pulled back as I’ve been blah blah recently. And as mentioned in the previous reports, whether such a pullback is merely a dent in a strong uptrend or would revisit the Nov 25 lows, we’ll have to wait and see. [Read the Rest]
...THE SHORT-TERM MODEL BELIEVES THE TREND IS DOWN HOLDING BOTH LONG (TRAPPED) AND SHORT OVERNIGHT
The bottom line, finally we saw the pullback that we’ve been talking about recently. [Read the Rest]
...SHORT-TERM: IN WAIT AND SEE MODE
Nothing to say today. Seasonality is very bullish tomorrow, INDU up 8 of 9 since 2002, but chart pattern still argues on the downside, especially DAX. [Read the Rest]
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