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Next Pullback Could Yield Buying Opportunity

We have no idea about: (a) what will happen in Europe over the next four days, and (b) the market’s reaction. We do know the DeMark exhaustion setups discussed at the 12:17 mark of the June 22 video below remain viable. Numerous markets could see exhaustion counts in the coming days. Stocks have not made a new high since early April. Even if the bears win in the end, counter-trend rallies can be strong and last several months. We have to be open to all outcomes, including another pullback followed by a respectable rally in risk assets.

After you click play, use the button in the lower-right corner of the video player to view in full-screen mode. Hit Esc to exit full-screen mode.

Video: Bull Bear Check Points

This entry was posted on Wednesday, June 27th, 2012 at 5:30 pm and is filed under Corrections. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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