Sick market showing us the bulls need more time to recover

A truly sick market never hits upside targets before turning lower again (and frequently undercuts downside projected targets before bouncing meagerly). If that isn't wheat we've got right now, I don't know what is.

We're now of the mindset that 1830 will be touched before an 80 - 100 es handle rally commences. We're sellers ahead of the drop to 1830 and we'll be buyers down there ahead of the bounce. This is a trader's market and not an investors market (yet).

A scan of leading tech names like AAPL and AMZN lead us to believe another 10% will come off of this market before THIS WAVE of the bear market is over.

Posted to Peak Analytics' Direction F… on Jan 19, 2016 — 1:01 PM
Comments ({[comments.length]})
Sort By:
Loading Comments
No comments. Break the ice and be the first!
Error loading comments Click here to retry
No comments found matching this filter
Want to add a comment? Take me to the new comment box!

Reviews Average Rating          

         
Excellent advice these last turbulent months...
         
Wide stop loss and small at profit taking but that's their style.
See All Reviews →