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.
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