Rob, thx for reminding us. Ironically, another important low date: 13 Nov 1929, when dow is at its low 193. From there, 50% gain in late April at 297.
But currently a couple of issues:
1. The might VIX closed higher than Nov 6 lower high. Signal VIX is trending up, not down.
2. US 3mo TB is approaching last months level, yeield at 0.12% (fly to quality again...)
Waiting for Asian to open. And our market has good chance to drop further.
The question is do you want to take action before it the completion of testing the low, either lower low or higher low?
thursday thoughts, page-18
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