<Bollinger Bands on the COMPX are getting pretty pinched. If we are going lower, that may indicate we're going to have a deeper drop. I'm not counting on it, but it is a possibility.> they haven't been this pinched since July,1999.We are going to stay in one long grinding tight trading range,or breakdown again- as i still see no catalyst for a breakout as market stagnates INSPITE of efforts to talk the market up.So basically the talking up the market is holding it back from breakdown but failing constantly at getting to breakout.
ADX is again reflecting a totally aimless market ,as it is again reversed it's signal to down,as the short up signal was just aimless flux,as both the D+ and D- are flopping positions in a NO TREND action.
For the record,extremely slow,tight,grinding ,but ever so slightly downtrending markets,can last for years.So boring can last a long time--historically anyways.Max |
