Markets are very weak, and there is great doubt in today’s bullish action.
I was browsing IBD Daily. and it, also confirmed my yesterday’s and today’s analogy of my assumption.
It says, and I quote, “The Nasdaq and the Dow tacked on 0.5% each. The S&P 500 rose 0.4%, while the NYSE composite added 0.2%. Volume was down 3% on the Nasdaq and 9% on the NYSE. The IBD 100 was up 0.6%. Indexes erased earlier losses, closing at session highs. That type of action was positive, but lighter volume diminished the market’s advance.”
Therefore my previous bearish stance stays about Markets rather than bullish outlook.
Always, keep one thing in mind, like a good business, a good trader, is willing to change his/her mind, when convinced with a proof.
One of my strong time cycle is due around Dec 15-18 time frame.
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
http://trade-in-harmony.blogspot.com/