Wednesday, April 25, 2012

Whipsaw Scary Look

I have seen this whipsaw scary market before.    It is a way of conditioning the market.   
Makes people take a series of losses on the whipsaw, 3 or 4 losses that add up to one nice trade in the right direction.   Then people start avoiding placing obvious trades or they cut their profits way short.

Then the big move.

Once again, EVERYTHING that I look at says down.   Fear should increase, Gold to be bought, GDX up.   Euro down.    And Apple stick in your eye with a blow off double top.

Of course I might be completely wrong, LOL.


  1. Me thinks a down move to break the recent lows before the big ramp.


Insightful and Useful Comment!