What are you YELLING ABOUT?
Yesterday you said that it was too early to be short, so I thought
you meant that today would likely be an up day. Most of my short term indicators also said it would be an up day, A/D line increasing and above short MA, for just one of many possible examples. That's what I meant about "wearing my bull suit", and I meant just for today.
BUT, I didn't really believe in an up day, because of the failed test of 8000, along with various other overbought indicators.
Now, for next week, if Monday/Tuesday turns out to be a peak,
( meaning higher close than yesterday ) then I see a upward trend beginning, not a downturn. OR yesterday was the peak and we're
going to see the first few days of next week heading down. I'd put odds about 40% on former, 60% on latter possibility.
I'm just trying to offer various possibilities for thought and discussion. |
