> Agree with many of your points and I reached the following conclusion > in my own commentary today. > The fact that the volume kicked in on the SPY yesterday before there > was a real testing of the January 20th low suggests that there is > still more of a trading range mindset prevailing at present rather > than a concerted effort to properly test the possibilities of a new > overall leg down. > > Contrary to some people’s intuition I suspect that the reluctance > to aggressively probe for evidence of game changing buying support > at lower lows at this stage is actually an overall negative in the > longer term outlook for US equities. >
Friday Outlook: Commodities, Emerging Markets [View article]
On Feb 13 07:17 AM morph366 wrote:
> Agree with many of your points and I reached the following conclusion
> in my own commentary today.
> The fact that the volume kicked in on the SPY yesterday before there
> was a real testing of the January 20th low suggests that there is
> still more of a trading range mindset prevailing at present rather
> than a concerted effort to properly test the possibilities of a new
> overall leg down.
>
> Contrary to some people’s intuition I suspect that the reluctance
> to aggressively probe for evidence of game changing buying support
> at lower lows at this stage is actually an overall negative in the
> longer term outlook for US equities.
>
Friday Outlook: Commodities, Emerging Markets [View article]
On Feb 13 05:47 AM Daniel Herkes wrote:
> The bottom will be about 7500. I hope.