friday sell off, page-76

that bull trap/false break/upthrust yesterday was reminiscent of the start of the july/aug retreat but because of the higher volatility of late, my daily trend following 'go short'/sell signals don't kick in until theres a break of 6544. Until then theres not much to suggest a major break, aside from the bull trap mentioned .. bull traps are often a sign of trend reversal.. go suck eggs eh..

and now of course we have the opposite, the 'spring' intraday as prices fall through support and spring back above support, indicating that the bulls are still active.. I don't expect it to be sustained rally but it will cause some harm to shorters but it also suggests that capitulation by the bulls is yet to come..