You certainly may, as I am wondering myself! However, that is what my indications showed. However, the last time these occurred it was after a fair sell-off, not the rally that we have had as of late. I certainly would exercise caution, but I am simply relaying what my indication showed, whether I believe them or not.
Trust me, I am more shocked by it than you. I was expecting the exact opposite. I am looking tonight at last Oct to see if there is any relevance to what happened then to the current situation. The thing that might trip this up for me is that my indications may work better in range bound trading, which we have had as of late. In a massive sell-off or a sustained rally, I don't yet have the back testing in place to know if they work or not.
Again, just passing my information along. In hindsight, I probably would have been better to not post it, but heck, we are all friends here and besides I was so shocked I had to tell someone!
Looks like a down open tomorrow. We shall see in the next couple of days whether or not the stuff I have been smoking has been seriously laced or not! Have a good evening...
-Scott
PS - Care to share your expectations for the next few days with us? |
