lazy friday, page-58

GE

The HK sell was a hanging man but the XJO was a TDseqential sell.

Yep, they are different signals, but both rare on a weekly chart and getting two markets with sell signals is significant.

As I have said before, I can't remember ever seeing so many bearish indications at one time.

I suppose I am aware of more signals now than before, and the market will do what it wants, but it means the risk is there and at a minimum I'd rather be in cash.

All these contra indications might be relieved with a week or two of good correction I suppose.

For myself I see no point in being seriously long, and would review the situation in a couple of weeks.

Probably have it arse up but that is what I see not what I feel.

Well yeh I do feel that too, but I know better than to go by feel.