Tuesday, August 25, 2015
The bears were in full control the last 3 trading days and shaved a huge chunk of capital from the markets. The bears have run out and short covering and "discount" buyers are in control. But make no mistake, the selling craze is not over. There is at least one 5th wave to male new lows before we can even consider if the selloff is over or not. I'm waiting for the bears to regroup and getting ready to go short again since the larger trend is still down.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.