You may have noticed, after each rally over the last few months, the retraces have been getting smaller...to the point the most recent one over the last few days was almost non-existent.
This is the final set-up to the three-day spike martis keeps referring to.
It may not happen over three days mind you...but the concept is for a significant period of verticality, as we enter a sentiment void (with corporate incentive), driven no-mans land.
The period signals the shift from “temporary” control to investor control of the register...and usually heralds in a significant period of upwards momentum...just as long as circumstance on a corporate level continues to support such a view.
We are on the verge of it now...and may not come out of it before the low 50's...though it will not be an immediate thing.
This period will be signalled by the near vertical break I mentioned above...after which we will likely see a final retrace to a zone at the half-way mark of the period in question, be it one, two, three or more white candles.
Good luck everyone...these are the times you want to be holding.
Cheers!"
Just re-posting for Cent to read again when he gets home.
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
