The market is at a critical point for both bears and bulls now.The chart said some good news for bulls as well as some good news for bears. Therefore, betting heavily on either side at this time may not be good. Keep at least half cash aside is the key for this game.
Here are some bottom lines now:
- The bull's life line as shown in the chart must hold well, otherwise, being a bear is smart !
- The bear's life line as shown in the chart must keep the bulls under it, otherwise, being a bull is clever.
Based on this week's market movement, the bulls seemed very tired. However, Mr. Market usually fools and surprises the traders with a huge jump when you think it is weak. So be careful!
great.
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