Market is ready to pull back after 3 unsuccessful tests at pivotal 1008. I will be very careful to examine the nature of this pull back, and action around important support. Personally, I don't think this is the end and I am not ready to load up short yet. We have to watch one drive down and one drive up to determine if this rally come to end. So far, market behaves very well, seems everyone's perception is hyperinflation coming!
Market went up straight from July low but volume just picked up modestly. For any Ponzi Scheme, no volume expansion means trouble. If stocks do have value to hold and fundamental to be justfied in future, at least we will have a consolidation period because demand doesn't keep up. To be honest the valuation is rich to me and momentum seems only reason to drive the rally in last month.
Market is ready to pull back after 3 unsuccessful tests at pivotal 1008. I will be very careful to examine the nature of this pull back, and action around important support. Personally, I don't think this is the end and I am not ready to load up short yet. We have to watch one drive down and one drive up to determine if this rally come to end. So far, market behaves very well, seems everyone's perception is hyperinflation coming!
Market went up straight from July low but volume just picked up modestly. For any Ponzi Scheme, no volume expansion means trouble. If stocks do have value to hold and fundamental to be justfied in future, at least we will have a consolidation period because demand doesn't keep up. To be honest the valuation is rich to me and momentum seems only reason to drive the rally in last month.
No comments:
Post a Comment