Tuesday, November 1, 2016

In my humble opinion on stocks today

I think we hit a bottom and will recover into tomorrow.  I'd really love to check that 8-15 line one more time, to have the confidence to bet big.

I put my money where my mouth is.  We'll see if I get killed by this falling knife, or if I catch it.

The amount of time that the bearish line has been on top in the new system is very long.  It's rarely up for longer than 1 day continuously.  This one is about a day and a half.

It's compressing right now, which is a possible reversal (or continuation).  I think the slight majority of the time, compressions end up in a reversal.

No comments:

Post a Comment