Altogether Now: ‘One…Two…Three…’

Stocks rallied in the final hour of Monday’s session, but the flurry of short-covering was too feeble to cause bears much discomfort or doubt. If the pessimists are smart and keep their cool for a change, they’ll simply let stocks fall on Tuesday.  That is what the market seems likely to do if it gets no help from ‘don’t pass’ bettors willing to believe, if only for a few days, that all is not right with the world. If the selling snowballs we could conceivably see something that has occurred only rarely in recent years — i.e., lower prices for the Dow Industrials on four consecutive days. Even three straight days is pretty unusual, as you can see for yourself in the chart.  Monday can be ‘day one’ for those of you who believe it’s possible to rattle the markets by counting “One…two…THREE!…FOUR!!!” in an ostentatious manner.

  • none March 20, 2018, 10:48 am

    Such a signal as its primary 1st signal of 03/02/2018 date at a lower pricing will state that we are entering ‘urgent selling’ process.

    Have a nice day Rick.