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


To: Sdgla who wrote (164131)11/27/2021 7:36:59 PM
From: GROUND ZERO™1 Recommendation

Recommended By
Machaon

  Read Replies (1) | Respond to of 221981
 
Maybe a bounce, but I don't think we've seen the lows at all, not hardly, we're likely a long way from there right now...

I think at a minimum we're heading down to test the September highs and more likely the lower September high before any serious bounce, and only a bounce before a retest of that low...

My hunch right now is that test of that low at the lower September high will also fail...

Of course, I could be very wrong, but that's my hunch right now...

I'll become bullish again when the $VIX gives me a BUY signal, but until then I'm remaining defensive...

GZ