I ain't too sure I wanna make the concession speech just yet. We might have broken out technically, but something about this whole damn rally seems suspect and very tenuous in my myopic eyes. Anyway, time to go hibernate.
Well, this is what you get when you push the market up on some idiotic reasons. That doesn't mean even bigger nonsense will not push it back up again. I'm feeling no less cynical as when the Dow hit the zenith of 14,000 last July on some flimsy nonevent hooplas that were just as crappy as now.
Although there seems to be a remote resemblance between A and B, there's a few qualitative difference. Whereas A closed up from the previous day, B closed down (or so it appears at the moment). More importantly, A closed above the lower channel while B closed below the lower channel.
Nice view on that reversal like watching your big game walk out in the open during the hunt!About 12:30 yesterday.Have been also watching SDS also on my polarized etf screen for stochs to finally go under 20
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