If a trend is "allowed" to take hold just long enough....it becomes the trend. And any rally is seen as chance to dump at higher price....and for prior trend to restablish...the longer the opposing will lives on the harder it becomes to undo.
With hedgie goofballs loaded with SPX calls.....this trend is not thier friend.I had posted the 20 EMA which was declining should act as resistance, and following that EMA if that holds a fair bet.
For once I chose to simplify things but from my personal observations, and the 20 EMA supporting entire rise from OCT lows, seemed a reasonable assumption.....when it began to decline I respected that.
IMHO, this market is in deep deep trouble ($19 drop in ONE day for EBAY a darling...another LOUD warning...most will IGNORE)IIAA plurality of bulls record continues unhindered.
Duratek
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment