There is really no other way to put it: We look set to breakdown again. Everywhere i look, i see weak bounces and stocks getting ready to roll over. I think we are headed even lower than i had originally thought. After today's action , i am sure you see why i was so skeptical of that friday reversal. Also make sure to keep track of the other short setups i emailed you earlier. Do not be scared of this market guys. Bearish trends offer some very nice trades! Have an open mind.
2 comments:
I like to see your post today on longs setting up!
The list of long setups is not there. as a matter of fact, if you are not nimble, then these setups will not do you any good. this market reminds of 2008. Wait till open and improvise! The bulls still look weak and i think this market rolls over once this bounce phase is done. UNless something very dramatic happens to the upside, i am still expecting lower prices in due time. be careful out there.
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