And it looks like pretty soon it’ll be ‘Thar She Blows.’
Market won’t sell. Tops are processes. We’re holding our Bear flag.
Heavy selling has marred the Bull, which now stumbles with streaks of red bars marking its path.
It’s a fight at the 50-day moving average. We’re sticking with our Bear bias.
Let the market settle.
Further distribution confirms our Sell Bias.
The 50-day moving averages are in play for the major indexes. Odds are we’ll see this support crumble. But let the market do it’s thing. We’ll change our sails in accordance.
Sellers spoke loudly Friday. We’re still bears. Enough said.