YES, Im going out on a limb right NOW
The MARKET has the POTENTIAL to make an (outside day) tomrrow- I think thats what they call it.
A lower intraday high and lower closing low
In other words - TOMRROW has the potential to make a COMPLETE and serious REVERSAL
The 5 day ARMS = 76.6
the 5 day trin = 383
the 10 day trin = 798
I have to go back to Jan 14- 2003 to get anything as severe and the dow fell 800 pts in 12 days.
As always
Best wishes
Jay
PS, I have some exquisite 14k and 18 k gold and diamond jwlry items for sale on Ebay
I am getting a solid response from the sale so far.
They are estate items selling well below wholsale
On Ebay- use "advanced search"
Use the key word =GOLD
AND
Type in my user name where it asks for seller info= Jaywiz10534
then hit search
there are 10 items on display
1 comment:
Jay, an outside day is a higher high and a lower low which is wwhat I think you mean anyway. In other words the market will rally early and then reverse and sell off to a lower low.
This is a hard market and the huige waves of money being pushed around is making TA very difficult as the mass psychology is being dwarfed by the huge tides of money controlled by the few clearing banks and the Fed.
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