It's actually starting to get boring! Bears are nowhere in sight, they are simply scared to short or have given up after being screwed by these violent bullish rallies in the last two years. But as I've been saying in the past few updates, momentum is waning and a correction should come soon. I'm assuming traders that missed the rally will be looking at the 50 DMA to jump back in, which is currently at 1972. However, a proper fib correction points to at least 1958 (38.2) as the minimum retrace, so perhaps we'll get a little of panic between now and the end of the month and prepare the market for a big December rally.. and allow me to sell my hedge for a profit!
发表于 2014-11-13 01:11
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发表于 2014-11-13 01:28
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