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More Up in the Market Analysis Area
Started by
OEXCHAOS
, Jun 20 2018 10:23 AM
1 reply to this topic
#1
Posted 20 June 2018 - 10:23 AM
Mark S Young
Wall Street Sentiment
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#2
Posted 20 June 2018 - 10:54 AM
Good stuff, GENE INGER is waxing bearishly:
"Hence, don't be lulled into any new false sense of security; just because Quantitative analysts and others tell you the market has nothing to hold it back for the many months ahead. Technicians are running around pointing to charts saying 'stocks are down to support and ready to spring forward'. That's marketing, not market analysis, at these extended levels.
For sure; some stocks yes; but as many of the priciest are simply showing patterns of declining tops; and now lateral short-term lows, I'd beware lots more. Odds might favor not so strong a rebound as traders suggest, but rather a 'cratering' through those high-level supports on those issues."
Continued here:
http://www.traders-t...-by-gene-inger/
Continued here:
http://www.traders-t...-by-gene-inger/