The MJ is reverting back to its olds way of showing its demonstrable relative weakness to the overall market! Not a very bullish signal whatsoever. It’s in moments of bear markets or corrections that you can best tell who’s strong and who’s not. This group has not shown any signs of that yet- not even by a long shot! Until it does, there’s no need to jump “all” in. Take a small bite here and there wherever you think it’s a good entry point but certainly take any profits, you can, that seldom come in this thing when it does bounce from time to time.
- JMHO
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