Bounce got aggressively sold
October 10, 2014
The Wednesday bounce failed very next day. That puts market back in extremely bearish territory by breadth. However extreme can become even more extreme.
I did not have any bullish position open coming in to yesterday so no damage to account. A failure to rally from a 4 to 5% correction as has been the case in last 24 months may indicate change of character.
We will see it is still one day and one setup at a time kind of approach market.
I did not have any bullish position open coming in to yesterday so no damage to account. A failure to rally from a 4 to 5% correction as has been the case in last 24 months may indicate change of character.
We will see it is still one day and one setup at a time kind of approach market.
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