Mr Market has posted a nice 3% rally, but is this a rally you sell into or
one that you buy? Is Mr Market try to trick the market muppets into a false
start of the Christmas rally?
In this market when conditions are right (say before a holiday, ooh like Thanks
giving) it is not hard to engineer a sharp move. 3% up or down is easy peasy.
What is hard is to determine if a true trend is to be born after such an event.
Richard Wyckoff students like to see a test of the bullish trend buy having
price fall back a little and hold at lows or better and then reverse to higher
highs. This would be buying in the red RTT Rainbow bands that to show buying
in red working (as seen in the chart below).
Market trend is waiting confirmation post thanks giving, dont be a muppet
wait for the trend to be confirmed.
NOTE: No muppets were hurt or harmed in the production of this post. All muppets
are highly trained and muppet medical stuff is present to assist at all times.
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