Markets don't move in a straight line. Based on my volatility model, the move so far this year is equivalent to nearly 5.35 months in just 2 months!!! While I still believe 585 is possible this year, IMO, it won't happen till earnings season starts in the next 4 weeks or so which should also mark a bottom for this year. As I explained yesterday, markets currently are extremely oversold. Going from oversold to neutral can equal 100 points!! It's also not the end of the bear market. 660's or so should act as the bottom of the market for this week at the most.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
ES Journal Archive (2009 - 2010)
- Thread starter Jahajee
- Start date
- Status
- Not open for further replies.
Markets don't move in a straight line. Based on my volatility model, the move so far this year is equivalent to nearly 5.35 months in just 2 months!!! While I still believe 585 is possible this year, IMO, it won't happen till earnings season starts in the next 4 weeks or so which should also mark a bottom for this year. As I explained yesterday, markets currently are extremely oversold. Going from oversold to neutral can equal 100 points!! It's also not the end of the bear market. 660's or so should act as the bottom of the market for this week at the most.
Quote from Bigpipn:
A beautiful end to a nice run in the USD. The next 5 count sell will get nasty.
FWIW The last 13 count sell was worth a full point on DX.
A close below 88.90 confirms the Demark sell and I'll add more weight to short USD basket.
Which tf end of trend are you suggesting?
- Status
- Not open for further replies.