TVO Market Barometer 12/8/14

TVO MB 12-8-14b

If you don’t know (you probably do if you’re reading this), BTFD stands for “Buy The [insert favorite “F” superlative here] Dip.” Today’s declining volume bears resemblance to last Monday’s “flush,” but with much less volume overall… which could mean that we’re not done flushing yet. Time frame is important. If your thesis is that we run up to the EOY, this could be a great place to add. There’s much more room to run when the oscillator is well below zero, so if your sights are more long term, cash may be the place to be. As for technical levels: They almost always get broken right before reversing, so beware the stop hunters… you can run, but you can’t hide. -MD

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