Sick market showing us the bulls need more time to recover

Direction First Service

Sick market showing us the bulls need more time to recover

By Peak Analytics & Consulting — Author

A truly sick market never hits upside targets before turning lower again (and frequently undercuts downside projected targets before bouncing meagerly). If that isn't wheat we've got right now, I don't know what is.

We're now of the mindset that 1830 will be touched before an 80 - 100 es handle rally commences. We're sellers ahead of the drop to 1830 and we'll be buyers down there ahead of the bounce. This is a trader's market and not an investors market (yet).

A scan of leading tech names like AAPL and AMZN lead us to believe another 10% will come off of this market before THIS WAVE of the bear market is over.

Posted to Peak Analytics' Direction F… on Jan 19, 2016 — 1:01 PM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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By cwmetz — 8 years ago

Excellent advice these last turbulent months...

By Don Trang — 8 years ago

Wide stop loss and small at profit taking but that's their style.

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