I commence with my gratitude to The Ultimate All-Knower
Market still failed to give strong message of clearing the correction zone and stay out of resistance level. Markets are showing divergences, thus very unclear about the direction of trend yet. All markets have to clear the resistance of 18th, to stay out of the vulnerability of correction. Major Stock leaders (GOOG, AAPL, PCLN, AMZN, GS, BAC etc.) have also failed to make highs,….. higher than 1/18th. Thus Dow Jones Industrials, stands alone at the edge……., either the correction has ended and another rally (though the very last one) has started or…. it is another one of those….. just a bulls-trap and correction is just starting its second leg down!!! Beware, it is NOT the time yet to go home holding long positions overnight!!
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