The DOW crashed yesterday seeing the biggest plunge in its history. It is tempting to think that we were in a capitulation cycle and that now is a good time to buy, as already many of the gurus are suggesting.
Call me stupid or whatever, but I am erring on the side of caution:
A look at the bigger picture makes me tread with extreme caution and this has not so much to do with what I see on the charts, which would certainly has me bearish for the time being, but it is more to do with the bigger astrological and confidence cycles we find ourselves in. All of those impact the present market cycle.
I have been warning for some time in my EFT Trader and Trading Psychology Monthly Service that major caution is in order for any swing trading. Intra day trading too has been extremely choppy and sluggish, with big, erratic moves appearing seemingly from out of nowhere.
What this is telling me first of all is this: Liquidity is low and volatility is high due to the lack in liquidity which has partially been caused by the summer holiday trading conditions.
However, there is more at stake here:
We are shifting into a very different consciousness as a collective, and that is affecting the financial markets big time.
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