MARKET SIMPLICITY: by Woody Dorsey: This is an Update. Some have wondered what is going on. It is simple: “The Market has Changed!” Stocks are lawfully manifesting their new Gestalt which I do not find surprising. Someone asked if there was a low since the S&P rallied 40 points yesterday. That is just part of the new market paradigm and they can go up and down 40 or 80 or whatever points. Repeat: “The 6/22 High was cogent. It will likely ultimately culminate in a Black Hole. Thus the short side has been activated. Yes, there can be some bouncing from these extreme overnight plunges but no important bounces.” For instance, after yesterday’s rally, sentiment was 77% Bullish. So what. It would be more cogent if stocks would close on their Lows into the projected dates for a defined tactical low.
MARKET ENERGY: Uncertainty and Volatility in a Corrective context..
MARKET TIMING: The Trading profile is lower into Dates For Members Only-Subscribe Now-Special offer ends today
MARKET “TELLS”: Global Equity weakness told of eventual trouble in the U.S. indices. I mentioned Chinese Equity weakness, weeks ago, as a factor for future selling. All of these behaviors “suggest a viral decline.”
MARKET SUMMARY: U. S. Stocks are aligned with generic Global Equity weakness. This is an important signal of interim weakness for Q3. Stocks are still due to decline into the trading low of Dates For Members Only-Subscribe Now Special offer ends today
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Information is for paid customers and may not be copied or distributed Copyright 2015