Zeev, FWIW, the Naz BP reversed on the P&F chart as of yesterday's close. This BP has been on the money for the last 8 months and I am taking it as a signal to scale out of my long positions on any strength and get defensive. There are still a lot of individual stock charts that look good so I will maintain some exposure to the long side but if the markets continue their trend of doing the opposite of expectations then I would imagine we go down sharply into January...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.