Clear as mud or crystal clear?
Are you dizzy and nauseated by the market action this week?
Are you a bear feeling like you are a wreck and on the wrong side of the camp?
Are you a bull feeling like the 'V' shaped super recovery is grinding into high gear?
Well, that's how bear market rallies are supposed to make us feel.
It's dizzying because of the divergence.
It's nauseating because of the high magnitude moves in both directions.
Bears feel rotten because the market wants us all expelled.
Bulls feel fantastic because the market needs to reel them all in until the last moment.
Every sector is clear as mud except for this one.
XLP tells me, I have made an impulsive move down, clearly in 5 waves,
I have made a powerful corrective rally, clear in 3 waves.
I have started setting up the next impulsive move down, so be prepared.
The big boys have fooled most of us and are about to hit EJECT.
Good luck all!
Are you a bear feeling like you are a wreck and on the wrong side of the camp?
Are you a bull feeling like the 'V' shaped super recovery is grinding into high gear?
Well, that's how bear market rallies are supposed to make us feel.
It's dizzying because of the divergence.
It's nauseating because of the high magnitude moves in both directions.
Bears feel rotten because the market wants us all expelled.
Bulls feel fantastic because the market needs to reel them all in until the last moment.
Every sector is clear as mud except for this one.
XLP tells me, I have made an impulsive move down, clearly in 5 waves,
I have made a powerful corrective rally, clear in 3 waves.
I have started setting up the next impulsive move down, so be prepared.
The big boys have fooled most of us and are about to hit EJECT.
Good luck all!