Friday, July 25, 2014
CPO - Update
All basic tools did not show a bull run. That doesn't mean that a bear run will not have rebounds and dive all the way down.
Until the trend shifts direction, I will not call the bear trend is over.
Are we in a situation where the diving submarine comes to the surface occasionally to see the light before diving deeper to the deepest part of the Indian Ocean suddenly?
If there is no panic in the market, sudden vertical reactions is unlikely in a chaotic manner.
My strategy is to identify location for shorts after a good rise and longs after a bad fall!