Sunday, October 04, 2015 6:20:05 PM
There's a revisit of recent lows at some point. The volatility isn't over in my opinion. I'll watch and see how the next week unfolds, but expect that we we continue higher and then start fading on/about the week of the 19th. I also see an opportunity for a quick drop leading into or on the late October fed meeting. We still haven't seen the huge volume flush down day and I think that come late October / early November after working its way from the upper end of the NT channel to the lower.
Unless you think QE is trotting in one has to see this as the start of a bear market. Violent swings and one last big gasp (possibly all time highs near year end) before drifting lower into bear territory the next year or three.
Unless you think QE is trotting in one has to see this as the start of a bear market. Violent swings and one last big gasp (possibly all time highs near year end) before drifting lower into bear territory the next year or three.
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