Mr. Market got a beating and refused to bounce which are clear traits of a bear.
...but there is some hope for a relief ,....like in the EURO....also bear in mind that at some point for some period GOLD will become the safehaven which results in a later topping in GOLD relative to the risk trade. This period seem to have started last thursday ! It could be a wild ride in the Prec. Metals for some months !
The fact that the monthly DeMark Sequentials are falling also supports the notion of no immediate disappearance of the bear.
No comments:
Post a Comment