Well Oil finally went higher something that is a seasonal reaction of the change over to the lighter crude oil for the summer.
One thing i find funny is the talking head telling people oh everything is ok. I did a massive supercycle chart and folks last big dive in the market is definitely a Elliott Wave 1. I am 99% sure of it and that scares me because a Wave 3 will send us a lot lower, and i do mean a lot. The thing here is to coordinate some cycle time cycles to see when this can possibly happen, my money is still on 2011-2013 time frame for a massive low in the markets. I only hope I have enough resources to buy when the end of wave three happens because it will be one for the ages. Right now we are just moving on the thought we are at some economic bottom but with no real economic boom I have no doubt you have to be a great stock picker or just play it light and wait for the downturn to short.
Right here I am doing little because the light volume has me on pause. Volume is the true reflection of the market direction and till it comes back more that average, everything here is manipulation.
Have a great, Easter, spring break and weekend.
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- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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