I just got another buy signal to get long. After this decline and subsequent whipsaws, coupled with the adjustment of my system, I think we are finally beginning to start a bottoming process. The question I have is are we going to start building positive divergences or V bottom and rally. Positive divergences on new low retests with churning would be better for the market.
On a positive note, this decline has spiked and or reset many IT indicators and will allow prices to rise once again. Much to the chagrin of perma-bears, "next leg downers" and "wall of worriers".
Cheers to you that shorted this decline and called the top!
Buy signal generated...
Started by
TrendChange
, Oct 14 2014 11:07 AM
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