100% agreed asterisk. the 90 day moving average for the stock/bond ratio was way out whack recently.
Glub, glub, glub...
- Thread starter duard
- Start date
Well, the brief and I mean brief poke into "New 5 year highs" spurred another round of selling into strength decline. Pretty predictble these days -- (channel surfing) but with a/d at -2000 today ---now that's a little bit impressive and way overdue!!! A few days of that type of action may be in store for those that like to buy.
This market needs a sell-off if it is going to continue higher as their isn't alot of money left to buy these breakouts. 3-4 years in a tight channel up without any big shakeouts. Well here we go again can support hold are we going down. So far my prediction has held water and it sure seems as though a more sustained sell-off is in the works but April will show us. Last year the low came in Mid-Late April.
best guess is more lows to get tested with most of the downside action occuring post holiday, then a sharp bounce up to shake out weak-handed shorts, bringing us back up to the levels where we are right now...that move then fades into a failing rally attempt that ends up showing scary downside...very scary downside
but i admit this is probably too detailed to pan out the way i expect...i am looking for very specific price action...it's working so far, though.
but i admit this is probably too detailed to pan out the way i expect...i am looking for very specific price action...it's working so far, though.
