Freep: Again, this is a new environment for this indicator. So there is nothing scientific about what I say. Have to go with my gut. But, based on past experience in a different environment one can expect a close or rally in the general vicinity of of the highs around the trigger. So a close around 1930 - 1940 or so would not be unusual even though we are dumping as I write. Is this dump real? I can't call opex and I am in good company on that front <g>.
Even so, sentiment indicators were suggesting at the rally peak that we are going nowhere fast as people get bullish too fast and that has been a trend. So what else is new....
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