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It meets 1800 on new year's eve :) But anyway that's not what I meant. Considering the double negative divergence on the weekly chart and the resemblance to 2011 top I don't see we will go that far. After 2011 top we had a similar abrupt rally which fell just short of a new high and a 20% correction followed.
20% correction?That would only happen if there s no deal by Oct 17th for the debt ceiling.Last I saw today...talks had fallen apart.I went to 98% cash after Friday.If there s a deal this week it ll be a 5th Dimension market--"Up Up and Away"(1967).Goodluck Bouraq..its a tough market right now.
It meets 1800 on new year's eve :) But anyway that's not what I meant. Considering the double negative divergence on the weekly chart and the resemblance to 2011 top I don't see we will go that far. After 2011 top we had a similar abrupt rally which fell just short of a new high and a 20% correction followed.
ReplyDelete20% correction?That would only happen if there s no deal by Oct 17th for the debt ceiling.Last I saw today...talks had fallen apart.I went to 98% cash after Friday.If there s a deal this week it ll be a 5th Dimension market--"Up Up and Away"(1967).Goodluck Bouraq..its a tough market right now.
ReplyDeleteIt has been an easy market for bulls :) Good luck Anonymous.
ReplyDelete