I suggested the other day that Laundry sounded a little worried about his call for SPX 750 and then 575.
Special note from today:-
"Special Update for Noon Friday Feb 6- Today's strength is likely to confirm the beginning of a new T and its rally should continue for some some time. Like most bear market rallies it will amount to some % retracement of the recent decline, rather than a new bull market. My regular update will follow on Monday."
Considering the 3 period dynamics for Monday with a high band of SPI 3483 and a SYCOM close of 3500, then being bullish all day is too brave.
I am unsure about the passage of the US stimulus package but higher levels early on Monday are probably a sell and good pullbacks probably a buy.
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I suggested the other day that Laundry sounded a little worried...
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