oookkkkkkkaaayyy
The transportation sold off and breached support at the base of their last major rally. By all accounts, this market should head lower. I don't see how it won't.
But the Dow industrial failed to breach the same base, thus not confirming a new intermediate bear market.
Yet.
Shoot, Willis, I haven't a dang clue what's happnin' here!
Well, I do actually have some clue. I think we're seeing HFTs in action, capturing stock on good news from euroland.
But I'm not buying it.
Not yet.
So Stay Strong!
If you're a worrier, consider continuing buying small tranches of your favorite indexs; preferably the ones that have lost the most in the past few months. I'm personally not going to buy now, but if you are already buying regular amounts in regular intervals, don't stop the plan just because some quack on the internet told you that he thought a 100 year old theory is signalling a much greater sell-off. Even though he's probably 100% correct, there's always the risk that he'll be 100% wrong. Such is the nature of stock market analysis.
