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Cycle Trading

BOW Continuation

Stocks were down for a third straight day on Thursday.

And for a third straight day stocks printed a large Buying on Weakness number. I am in the camp that stocks are declining into an early half cycle low. I base this, in part, on the cluster of BOW days that have been accumulating.

And as we discussed last night, these Buying on Weakness clusters typically break out to new highs.

2 responses to “BOW Continuation”

  1. ospreyv22 Avatar
    ospreyv22

    am sure the fed meeting/statements, the rising interest rates and the possible trade war has something to do with this. sometimes news trumps technicals/cycles, pun intended.

    Reply
  2. Alex Avatar
    Alex

    DAX has produced a failed daily cycle via a break-away gap down.

    Reply

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