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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Cyrus who wrote (150547)	11/10/2020 3:48:08 AM
From: GROUND ZERO™	1 Recommendation Recommended By Cyrus Read Replies (1) \| Respond to of 218603

I agree, we're likely going much higher, but I think there's still lots of overhead turbulence to overcome... Also, and I think more importantly, the ebb and flow of buying and selling since the March lows has not yet resumed it's normal cycles... this means there's still a lot of pent up selling that hasn't yet been released... This ebb and flow is the cycle of buying and selling and it's very normal... we saw pent up demand at the March lows, but you can only stretch a rubber band so far before it snaps and this is where we are right now... it's like having more and more people moving to only one side of the boat, at some point the boat will capsize... we saw this happen at the March lows when too many people went to the sell side of the boat, the market snapped back... we're at that same point again but only on the other side of that same boat... When we need to see is a good and healthy wave of selling to release that pressure enough to allow these markets the freedom to rally without restraint... None of this means that the markets must move lower right now, it can do whatever it wants, that's perfectly fine with me, but this doesn't mean the selling pressure isn't mounting and is approaching a critical level... GZ