The CPC is up to 1.28 at highs not seen since September. What happened back then? The fear and panic was off the charts. The baby, the bathwater, and the sink, were all thrown out the window. Traders swore they would never buy another stock again as prices collapsed late September into October. Stocks rallied.
The fear and panic side of human emotion is at play now so you should start sniffing-out a bottom. The green circles show excessive panic where the boat is fully loaded on the bear side everyone convinced that stocks will collapse. Well, they don't. Instead they rally because the fear was/is off the charts and there was/is no one remaining to be afraid. In the darkness of despair, always remember, it can only get better from there. Always look on the bright side of life, as Monty sang.
Anyhoo, everyone says Santa Claus is out of commission and there will be no rally this year. Oh ye of little faith. You have to believe in Santy. The excessive panic indicates that stocks should experience a relief rally starting anytime forward. The holidays throw a wrench (spanner) into the works and the lower trading volumes to end the year. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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