This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Monday, 21 October 2013
SPX
low momentum,7 day blow-off rally with a nice doji today ? (chart by Ron Walker)
Did we have a ZBT on Fri or not? I see some claiming so. A ZBT in this position would point to a dollar collapse. I think it was a close but no cigar, QE distorted, damp squib. BTW I agree with Daneric's wave count, cycle B topping. W
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ReplyDeleteTotal knee-slapper these writers continue to say small caps are a good value, when we are over the yearly R4. Added to VIX longs today. W
ReplyDeleteDid we have a ZBT on Fri or not? I see some claiming so. A ZBT in this position would point to a dollar collapse. I think it was a close but no cigar, QE distorted, damp squib. BTW I agree with Daneric's wave count, cycle B topping. W
ReplyDelete