[newsletterchapter2 title=”GENERAL MARKET COMMENTS”] The 10/15 “Black Hole” (0%) Capitulation confirmed an “Ebola Low” which continues to be ratified as very significant. It was and is a “tell” of generic equity strength. Yes, it is boring but, it is what it is!
The Up-trade turned tired and some low volume, sideways trade satisfied the terms of a correction of sort kind. The market is always right. Again, it is important to know when big moves like a Black Hole might occur and when there is no cogent edge. We may all want big moves all the time but that is not the real trading reality.