Monday, November 21, 2016

Medium-term uptrend with short-term pullback


For the medium-term we have a strong market uptrend as indicated by the summation index oscillator moving above 1000. There is also a very high probability of a short-term pullback in the market. This is indicated by the number of stocks moving up 50% in one month more than 20. If a short-term pullback does happen, it is a good opportunity to add more money to stocks.

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