Mark Twain once remarked in San Francisco: If you don’t like the weather wait a minute. We thought of that when we started analyzing the present market. That is-if you don’t like the market… That has been true for some weeks now.
But now the market has done something understandable. The last three days have delievered clear buying signals. NOTE: this does not mean that risk is any the less. (tho it is — because the formation and the situation are understandable –as in alphabetagamma waves.) The stop is the low of the formation.
We expect continued volatility.