Despite the S&P's impressive performance, I've noticed the TRIN index closing above 1.00 for the last 8 sessions. Is the July rally getting exhausted or consolidating for the next run up? Any thoughts?
Well...i can confidently state that one of 3 things will happen here....mkt starts trending down...or goes up from here...or thirdly we consolidate sideways for a while. heres the odds for each scenario imo: mkt continues to go up...............33% mkt goes sideways for a while...50% mkt does mild correction......... ...66% Knowing we are at resistance...will most people wait for some consolidation...or will people be loading up here?? Does Jupiter's lunar cycle really cast any doubts on this move?? well......im just a duck...what the heck do i know?
Should be easy to make some cash, then. I'm willing to put in 110% of my effort to make it happen. Bob
err..... percentages are not related to one another for this particular excersise. each scenario percentage is on its own. i didn't realize concept would be so difficult to take in....would explain put........don't know how
The S&P has been like a helium balloon bouncing on the ceiling looking for a higher high, no matter how small.
changes of you making money tomorrow if mkts stay in tight range....33% changes of you making money tomorrow if mkts trend......50% changes of you making money tomorrow if mkts trend huge....66% does this perspective still leave you