April 16th I posted that IPO had more downside. The move since has followed through very nicely.
Let's go back to when I first featured as a possible top on Feb 21 of this year.
As you can see both calls were textbook. Clearly, IPO is a risk on indicator. Right now it is not inspiring
much confidence that we will see the market rip higher if it breaks lower here.
Let's go back to when I first featured as a possible top on Feb 21 of this year.
As you can see both calls were textbook. Clearly, IPO is a risk on indicator. Right now it is not inspiring
much confidence that we will see the market rip higher if it breaks lower here.
Comment:
Textbook move lower.
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