All re: defining moments
Previous 'defining moments' still in place.
Last weeks rise was a Fib 38% retracement of the previous several sessions fall, on the indexes I checked. Yesterday was a reversal of that. Therefore, bulls should beware. We are now back towards the 50ma and lower BB line, weekly basis. On this, bears should keep a stare. For neutrals, long above the 1700's high, short below these weekly lines, otherwise we don't give a good care. Will there be a daily momentum indicator divergence with price, this drop with last weeks drop?? That could make the ride like one at the fair.
Hmmm the smiles are definately gone from the CNBC-Europe program this morning. THAT may be a bottom signal. Remember that you heard it here first. Its a shame and a sham that NONE of their visiting advisors ever recommend any shorts or significantly to cash. Although, I will admit that if it were to happen it would happen between 4am and 6am EST on their program. These visitors are much more straight forward. However, the anchors insist on finding a "place to put your money", while the fatcats are putting YOUR money in THEIR pockets. Some times there is a bull market NO WHERE.
The only longs I have are MVP signal...and only half of that remains because of the daily 10ma failure yesterday.
Watch gold and silver.
IMHO
Thanks
kovu
AI
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