News Focus
News Focus
icon url

risk on

01/29/16 6:49 PM

#181645 RE: spartex #181643

That's just it, a correction certain on the monthly, could still see Feb fill 204 gap, heck even March could, but both months obviously would need to be back below 194 or so, in order to keep the correction. To me, that's the power of the 9 EMA fail. No matter where it goes during the month, we know where the minimum is it will be belie at the end of the month, as soon as the 9 EMA closes back over mid bb , then it's over.
icon url

imiloa

01/29/16 7:52 PM

#181659 RE: spartex #181643

fwiw, in 2001 and 2008, there were multi-month bounces after this stage of the downturn.
so feb/march could actually be positive months
with the slide restarting sometime in april, may, etc...

in the meantime, i'm simply looking forward to many more days of large intraday oscillations.