(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. )
In two days, the stock market rose about 700 DJIA points from the low. On the day of the low, ZYX Buy Change Alert headline, “NO STOCK MARKET CRASH, ANY FURTHER DIP WILL BE A BUYING OPPORTUNITY, AND REDUCING THE HEDGE.”
It is important to understand the rally and shy away from exuberance. A big part of yesterday’s rally is from the mechanics of quadruple witching.
In two days, the stock market rose about 700 DJIA points from the low. On the day of the low, ZYX Buy Change Alert headline, “NO STOCK MARKET CRASH, ANY FURTHER DIP WILL BE A BUYING OPPORTUNITY, AND REDUCING THE HEDGE.”
The above chart tells the story.
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