Market Reversing, We Are Headed For 4-6 Month Bear Market
Maybe longer. SELL LONG TERM HOLDS, GET INTO CASH. I REPEAT, GET INTO CASH. 4 distribution days in 2 weeks, mixed with a massive interday drop. Market will get choppy, there will be a dead cat bounce, then the trend is down for awhile. Runs over for a bit. Start looking to short, not right away, just start preparing. SELL ALL HOLDINGS! GET INTO CASH
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I'm using IBD's system for spotting a market reversal
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TOLD YOU TO SELL, NO HESITATION
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See that shitty bar there. relative volume is small compared to the previous day, not good. yesterday was a dead cat bounce
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Second biggest point decrease in Dow history. See, was a dead cat bounce. PPT came in.
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Short, orderly market