Bottom line....Friday was bearish, but all the 5 day, 10 day, and 20 days moving average of cumulative days of charts broken out bull or bear, clearly show bull as they have for a long time now.
This market will crack quick when it does. Leaving most bears out in the cold. However, the indices could easily go parabolic up --- similar to 1999.
So it is very tough to bet short. Perfect setup for the "Squids that Be" In Lloyd we trust.
No comments:
Post a Comment
Insightful and Useful Comment!