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| Courtesy of @LunaticTrader |
All
my indicators point down and have further to fall before we can start
looking for a tradeable bottom. Especially the slower Earl2 (orange
line) is still very high. So I would just wait and see until the setup
looks more favorable. A further drop to 4800 is not out of the question.
Could it go lower and fall below the August lows? Everything is possible, but I don't think this market has topped out already. I didn't see the kind of public enthusiasm and participation that normally marks major peaks.
Could it go lower and fall below the August lows? Everything is possible, but I don't think this market has topped out already. I didn't see the kind of public enthusiasm and participation that normally marks major peaks.
By Danny @LunaticTrader
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This has been posted for Educational Purposes Only. Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results
Just submit your email address in the box on the Blog homepage
This has been posted for Educational Purposes Only. Do your own work and consult with Professionals before making any investment decisions.
Past performance is not indicative of future results
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