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Strategies & Market Trends : Charts for Breakout II
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To: Rarebird who wrote (8171)11/27/2021 8:10:44 AM
From: Rarebird1 Recommendation

Recommended By
Cogito Ergo Sum

   of 8531
 
I would not make light of the acceleration of new lows on the NYSE and Nasdaq, along with the sudden, rapid deterioration of the A/D line. Maybe it is nothing and the rally will resume shortly enough. But I saw a very bearish December in 2018 due to the Fed.

I am seeing very yellow flags here. By the time the Flags turn Red, one will be caught in quicksand.

What took place on Black Friday is not to be taken lightly. It was akin to a bearish raid.
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