Seeking Alpha
Momentum
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If there is anything to take away from the charts of the Dow and TSX it is that there is no discernible bottom to call at this point. No double bottom. No W bottom. No capitulation to make us think the bulls are completely worn out.

If anything the vibe I’m getting is that most are just frustrated in general with the whipsaws, volatility and lack of a clear trend in the markets. If I trusted my timing signal we got another sell signal today, so I would say the edge is with the bulls. However as of late when my signal flips one way the market does the complete opposite. I’m personally waiting for some significant follow through that confirms my confirmations.

Source: Weekly Charts Suggest More Selling (Maybe)