It's a new moon. Market has NOT been in tune with the 20 trading day moon cycle for months. Usually after that happens, the moon and market do become synchronized and that lasts for several months.
HBB loves their bonuses, and consumers feel better when market is going up. Hard to imagine that the Santa rally does not occur, but being nimble and reassessing the information in front of me works a heck of a lot better than being married to a viewpoint.
Matt annotated all the T-day charts from the "worst" and most did have a trade-able bounce esp. into Jan 1 bonus time. A chart says a thousand words, check them out on free link below.
Matt from BPT did an excellent T-Day review, and is letting us post it in full right here. Enjoy! Their service is best in class, and combines theory and practical daily information. Sign up using link on right on my blog, BUT get this one for free, link here
http://breakpointtrades.com/controls/preview.php?nl_id=861
Thanks for the link Steve-nice summary. I'm looking for the bull trap and resolution down. Happy holidays!
ReplyDeleteHey squiddy long time no see.
ReplyDeleteYeah, combo bull trap, and bust up Pretchers advertised stops