As I said, parabolic moves end badly. The strong signals in the market averages turned around and became just as strong on the downside (weaker market), but the move yesterday was finished and did what it was meant to do.
I'll get charts up, but this is exactly why I said I don't think anything that happens today will have much to do with Friday, if we had taken positions based on those signals 30 minutes ago, I'd be very nervous about them right now.
Patience is a choice, often a good one.
5 years ago
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