Friday, February 28, 2020

Whippy Trippy

"We went like this. He went like that. I said to Hollywood, 'Where'd he go?' And Hollywood said, 'Where'd WHO go?'"
--LTJG Henry 'Wolfman' Ruth (Top Gun)

Whippy trippy am that saw the Dow down another 1000+ at one point on chunky volume and big up/down moves by the minute. The bulls have tried to lift them higher with the COMP in the green at one point.


It 'feels' like we might need another whoosh lower to make way for a tradeable bottom. On the other hand, oversold extremes are registering on multiple gauges.

As such, anything seems possible here.

No comments: