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Wednesday Weakness – Struggling to Hold Last Week’s Lows

Posted on the 15 September 2021 by Phil's Stock World @philstockworld

This is not a good chart:  

Wednesday Weakness – Struggling to Hold Last Week’s Lows

Clearly we're in decline but more worrying are all those big red spikes (high volume selling) with very few green anything in the last 7 sessions.  It's been a low-volume market for a couple of years now and that means it's very unlikely there are enough buyers out there to cash out the people who want to exit – especially if panic ensues and people feel forced to sell.  That makes for a very dangerous situation and is a big part of why we cashed in about half our positions last month, moving our Member Portfolios to 80% CASH!!!


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