Donald,
Re:Currently we are in a mid-term down trend, so any uptrend could be limited and downtrends exagerated. As a guess, we may have another 100-200 points to the upside before the next pullback or flat period, unless there is more bad news; thereby a reversal could start earlier.
If we are in a downtrend, shouldn't flat periods be part of corrections to the downtrend and not pauses in the upward corrective phases? Should be: down, flat or up (like today), down, flat or up, etc. Not: down, up (like today), flat or down, up, flat or down, etc.? Your comment about the flat period has me confused.
Esteban |
