It is 1 am Eastern Time and the overnight market is down at the moment.
Japan Nikkei is down more than 1%
But as of close of yesterday Aug 17, the Tick16 Long Term is no longer bearish. And the 3-Day Advance Issues has completed its correction and bounced off the midpoint.
That means a strong rally is coming and the dips should be bought.
The rally should last for 2 to 3 days once it started.
Share
Market Internals 2011-08-18
It is 1 am Eastern Time and the overnight market is down at the moment.
Japan Nikkei is down more than 1%
But as of close of yesterday Aug 17, the Tick16 Long Term is no longer bearish. And the 3-Day Advance Issues has completed its correction and bounced off the midpoint.
That means a strong rally is coming and the dips should be bought.
The rally should last for 2 to 3 days once it started.
Share