We have been encouraging our readers to be short of US stocks, and by implication to be bearish of other equity markets too. This latest period of weakness since the short-lived rally into September 13th has now produced a slew of bottom extensions in a variety of markets, not just in equities. These signals are mainly at a daily scale, but they are widespread, so this probably means we are seeing some major turn in markets right here.
Cover shorts, try buying for long positions too. A small selection of the many such signals we are seeing:
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All signals from software supplied by our friends at Parallax Financial www.pfr.com
