pullback larger than the tinted area, then bears may still have hopes.
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unable to exceed tinted area, looks like bears are over. this bull shall still have legs.
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117% overvalued opening long All calls/puts,
212% overvalued opening long Equity calls/puts,
48% undervalued opening long Index calls/puts,
= more market decline
exceeds tinted area means bears are strengthing a little but still bull likely has another push up at least.
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This (false) rally is not being confirmed by the bonds. With money not being deployed to buy the bonds, there's no cash to keep the market propped up. Just a matter of time, but the decline is coming.
support. pullback is larger than I thought. I'm neutral.
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flumanchu wrote:This (false) rally is not being confirmed by the bonds. With money not being deployed to buy the bonds, there's no cash to keep the market propped up. Just a matter of time, but the decline is coming.
Don't understand. No money buying bond then where those money goes? Should be back to the stock market, shouldn't it?
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