1 reply to this topic

[dcengr]

And here we are. The key was getting a close near the lows, which is what I was looking for. Now I think we may have 1 more volatile day, just to toss out those who bought the close today, but I'm expecting a rally to reset sentiment. My projection calls for a fairly big rally in terms of duration, but perhaps not as much in overall price gains, because it will be marked by some volatility. In other words, it may go up big next few days, but will retrace some of it early next week, then another big rally which will take it to higher highs.

[SandStorm]

It looks pretty bad at the close. The only thing I found comforting for the bullls is a spike in CBOE equity put /call, highest in recent years.