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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (54415)	11/24/2021 1:18:18 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69207

Short index update. So far only a lot of hand waving. No major break down the indices. The DOW can close to triggering the first sell point but stops short of confirming the break of the previous high. DOW transport mirroring that move so confirming the negated sell signal. Obviously tech sector seeing some rotation from high valuation stock especially though without earning to more modestly priced tech stocks. Financial bouncing. If it can clear the previous high the economy still has legs. Same comment on energy sector. So far not a dramatic sell off but trader are nervous and they just got kicked in the rips enough to pay closer attention. Again keep stop losses in place. They should have taken you out of more speculative stocks as they sold off. hopefully at a profit. Whether you get back in on the bounce is yet to be seen.