Disliked{quote} I doubt we will see a new high this year. We are in dollar season across all assets. I anticipate dollar strength this quarter to early next year quarter.Ignored
As for the little I know: there is still almost 3 months left to the year, and bears managed to get only one bear month in the last 9 months. RIght?
Even if we look at the last 9 weeks, these bear moves, including today's, are more or less mirroring the bull moves. Right?
I am just trying to be as objective as possible, using nothing but price.
hence, it is ranging/indecision/sideways time indeed, on this scale.
So I would be greatful if you shared with us your reasoning for your above statement: dollar season.. doubting price will make another high this year.
After all, also, new highs were repeatedly reached did this year. Much much more so than new lows, no?
My serious question is, of course, what information are you using to conclude what you state, I am very interested and I am sure others are too; because I don't have it and I always am eager to learn and get new resources.
Cheers !
P.S I agree with you if, by season, you mean just today the 6th of october, up to now. A mini bear season
P.S.S a bit like for same reason that Ata repeats mentioning the timeframe is so important, or else, what is shared is lost before reaching anyone, unfortunately
If I don't mention SL and/or TP = longer-term setup possibly in the works!