Re: MrJohnRoss' Account Talk
Hey Sniper, good question. Perhaps it's in the eye of the beholder, but that PPO sure is heading lower in a rounding fashion. As I stated previously, "Now all it needs to do is finish building the right side of that dome. The PPO had a negative crossover a couple of weeks ago, and it's accelerating to the downside, which is not a good sign. My guess is that we're going to the 50 DMA as the first test. Perhaps we'll get a bounce there. If not, there should be good support near the 200. Tomorrow's job numbers may jack the market higher, but even if it does, I think it will be a temporary pop, and then we'll continue to slide lower."
We'll see if that comes true next week.
CURRENT ALLOCATION: 100% I AS OF C.O.B. 5/22/2017
Bookmarks