Just as we watched each failure at 68 usher in large triple digit Dow Industrials down days (blue circles), the ratio has now fallen under the 35 level. When the ratio moves back above 35, we will see a large triple digit Dow Industrials up day. Thus, the snap back rally should occur anytime. As long as the ratio stays under 35, however, the market bears maintain full control. This turn signal is tracked on the Turn Signal page on this site. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.