normally i would agree that a late day bounce would only prolong things, but the magnitude and sharpness of this ramp leads me to beleive that the lows could well be in for a few weeks or more. had it stopped around 1400 ndx it looked like a perfect set up for carnage tomorrow. but it blasted thru that and would have gone green with a few more minutes.
now i am left in a state of confusion as to what happens manana. my planned re-entry to long side for this friday may well come at higher levels than i had anticipated
Market: Nothing much changed. We got a little more overbought in naz and ndx and a little more fear to offset that status.
Sox and ndx and naz have come back into line more or less. The wild divergence is being washed away.
The last piece for the top indicator fell into place today for the set up. Now waiting for a trigger to that indicator. Hard to say when but I am confident that it will trigger.
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