On any given day in the Market it’s a constant battle between accumulation and distribution and today the bears were the clear winners as far as volume with no reversal in sight. I haven’t checked, but I’m sure that S&P 500 and Dow “head and shoulders” talk is buzzing. This is when the stop hunters set their weapons to seek and destroy and neither moving averages or fibonacci are safe havens. Don’t rest easy just because you think the price can’t possibly go any lower because it usually does. The market often exceeds expectations on both sides of the coin. In this case though both sides are looking like tails for now. -MD
The TVO System results for 2014 are in and will be posted soon, so stay tuned!