Sorry for so many posts, but I am seeing real danger in the
market. I have marked 3 red arrows on big companies. If they can
get back up, all is well, but so far the MA's are pointing down
with % of stocks above 200dma below. In 2018 after the initial MA
crossed down around April, the % of stocks above 200dma came back
up in August, but subsequently a big drop after. So we could come
back up, but I do not have too much hope after that. Not that the
market will do what I think, I am just pointing out some
possibilities.
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Sorry for so many posts,
Posted by sydney on 22nd of Jan 2022 at 02:15 pm
Sorry for so many posts, but I am seeing real danger in the market. I have marked 3 red arrows on big companies. If they can get back up, all is well, but so far the MA's are pointing down with % of stocks above 200dma below. In 2018 after the initial MA crossed down around April, the % of stocks above 200dma came back up in August, but subsequently a big drop after. So we could come back up, but I do not have too much hope after that. Not that the market will do what I think, I am just pointing out some possibilities.