Per Gary K the uptrend is confirmed and he is going back into the market. As is his usual qualifier, he's watching and taking probing positions.
The market internals were better today as you can see from the above. Though note the V-dip--there was a rumor that "someone" was going to pre-report some bad news. This sort of action proves that the market is still jittery. I would surmise that we are likely to test the old highs from here.
3 comments:
In addition to GaryK, this site also provides interesting info
http://www.dailyfx.com/calendar/
just letting you know i referenced this particular post on cara...thanks..
2nd_ave
We will know very soon.This is the area that selling should come in. If it doesn't then the market is going to just ignore "all that other stuff".
Model still at maximal readings for negative leadership.It is still saying this one is different.
Yesterday was the first day that the broad market participated. But it semed rather frenetic to me.
Tight stops.
M
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