The TradingEdge

[JefftDecker]

hello HH, yes i agree

My friend Mchugh suggests this is a small declining bullish wedge we
are in right now to finish this leg down. he says...

Bear stock markets do not go straight down. There are corrective rallies along the way lower. This weekend we see several Bullish divergences occurring between stock price indices and our 10 day average Advance/Decline Line Indicators and Demand Power measures. This suggests the initial leg down may be approaching a bottom to be followed by a corrective wave rally.

i concur as I have noticed some stocks are bottoming out
with some divergence in their oscillators. thanks for the post.

my DOW guru says buy DEC 21 calls under $2 for the upcoming rally
take 35% profits. the 280 calls are my pick/

trade safe