Was Today The Re-Test We Were Looking For?

David Frost // Market Outlook


October 16  

Early this morning the market opened quite a bit down, and recovered all the losses, even turning positive for a while.

Normally, a correction such as the one we’ve seen over the last few weeks calls for a re-test of the lows, a big “rip your face off” short covering rally and several days of follow through.

So far, the bottom we made so far doesn’t qualify in my book as an important bottom that we can buy just yet.  I discuss much more about this in tonight’s video.

There are many conflicting signals in the markets right now, so it’s a little tricky.  The market likes tricky.

About the Author

Trading and investing in markets is second nature to some, but a mystery to others. The goal is to provide a forum where everyday people aspiring to be part time or full time traders will learn how view markets differently and profit beyond their wildest dreams.

David Frost