I personally can't imagine getting long here with every indicator showing overbought, the indices all reaching their the long term trendline resistance points, volume declining, and bullish sentiment at a high. But, then again, I have been wrong and probably will continue to be.
I see now. AB has it down 45% in a row. When it does turn, it might just run for a while.
The lower BB is 8.26 today — yesterday it was 8.60 (yesterday's low was 8.59). See attached chart for instructions on how to use DRV:
http://www.screencast.com/users/dreadwin/folder…
Carl just repurchased one unit at 1161.25
Looks like it just keeps falling.
$RUT is closer to topping than some other indexes, but I don't know that this will be done by Monday. If I get time, I'll post some charts.
Monica,
Really have to turn off a lot of brain cells to get comfortable being long.
I'm looking longingly at DRV today. So far, it is behaving as predicted.
I personally can't imagine getting long here with every indicator showing overbought, the indices all reaching their the long term trendline resistance points, volume declining, and bullish sentiment at a high. But, then again, I have been wrong and probably will continue to be.
Yeah. I've seen him with a 3 point stop loss, this was less than that. /ES chart looked bad, maybe he was watching that.
Carl seems a little nervous lately 🙂