Anyone scalping the FTSE Futures??

“Barron’s:You’ve warned that a correction is near. Why?

Davis: Right now, about 78% of industry groups are in healthy uptrends. That would have to fall to about 60% for us to say the market had lost upside momentum. We also focus on the Federal Reserve, and it’s still in a very easy mode, despite all the talk about tapering. So, those two indicators are bullish. However, we’ve looked at all the bear markets since 1956 and found seven associated with an inverted yield curve [in which short-term interest rates are higher than long ones] — a classic sign of Fed tightening. Those declines lasted well over a year and took the market down 34%, on average. Several other bear markets took place without an inverted yield curve, and the average loss there was about 19% in 143 market days. We don’t see an inverted yield curve anytime soon. So, whatever correction we get next year is more likely to be in the 20% range.

That’s great news, I guess, at least compared with Armageddon.

Davis: We also looked at midterm-election years — the second year of a presidential term, like the one coming up in 2014 — going back to 1934, and the average decline in those years was 21%. But after the low was hit in those years, the market, on average, gained 60% over two years. So, a correction should be followed by a great buying opportunity.”


Read more at http://pragcap.com/ned-davis-prepare-for-a-20-decline-in-stocks#PDBIkbo3zZIJ1hDq.99
 
Throw your technical analysis out of the window today. This thin market just means sloshing about up and down in a random fashion until the close is near.
 
Throw your technical analysis out of the window today. This thin market just means sloshing about up and down in a random fashion until the close is near.[/QUOT
 

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Dax today Down 50 up 50 down 50...
Can someone explain that with TA???
30 minutes left may even go back up 50 :rolleyes:
 
S&P just about to close Mondays Gap open.
Dow 100 points away from closing that gap.
Its a lot easier to manipulate the Dow 'aint it.
 
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