'one week reversal' sell-off imminent?

I posted this earlier on today but got no replies and few reads. I would have thought that in the context of the current market words of caution might be of interest.

If tomorrow is a down day then a punishing 'one week reversal' may eventuate.


This bull market could be in for a bit of pre-Xmas 'slam-dunking' - so says the chartist at JP Morgan.

They warn that if the market stays in negative territory today and tomorrow the "downside risk looks substantial" - ie a broad based market correction prior to the Xmas lull. The risk is for a 'one week reversal' on the charts which chart watchers will then use as a reason to sell across the board in the lead up to Xmas especially. The bull market will still be intact but such a severe shakeout would be rather nasty (if, indeed it does occur)

I don't want to be unduly alarmist but the situation does need to be carefully monitored.

(Sourced from today's AIR daily report)