After last week’s price surge I speculate that this bear market rally may extend another 2 months before falling down hard. From market breath indicator, this rally is indeed broad market rally and the number of stocks reach their 200ma has reached a high of two years.
I expect some pullback next week, so key question is are you willing to buy this dip. I have no answer to myself yet. I will check the strength of this pullback and then make the decision. In the long term, nothing changed. I really do not like to trade against the big trend to catch the last profit in the counter-trend rally.
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