Dan over at ChartguysLike many here, I appreciate the work Dan has been doing over at chartguys. But it was clear in his last video that his thoughts that this Friday is going to replicate last Friday with the big bounce was DEAD WRONG.
His greed to swing trade got the better of him. Just goes to show you that chart analysis also goes out the window in times like these.
Its clear a market correction is underway. TSX is down 123.56 points right now and we're only 20 minutes in. This will be the sixth consecutive down day. Dow is also down 237.83 into 20 minutes.
Clearly the bears are running the market right now at full force..