The chart posted is that of BAC we had what seems to be a rather classic head n shoulder top so if the over all market is going to hell as I stated in the forecast dec 2021 why does everyone WANT and Need to trade the long side ??? I have lived thru NINE BEAR MARKETS and have traded since 1972 when I was in high school. I have managed funds since 1990 .So if you all seem the need to be compulsive to trade . it sound like a few of you Think you are going to MISS OUT . Relax !! To make $$$ you may miss alot of trades but there is always another day !! I told you the FED is going to reduce the balance sheet if they are to keep the Credibility inflation must break 3.2/3.6 core by year end. Best of trades WAVETIMER
Comment:
we are now setup to BOTTOM