01/18/22 Sentiment Timing Report

MARKET ENVIRONMENT: by Woody Dorsey. Sentiment is coming in @ 59% Bullish. The Inflation/Fed/Correction/Covid meme parade is still operative. Nominal bounces were expected last week. And now, reality resumes. NEAR TERM: Further generic corrective behavior, as expected. Forecast: “A minor capitulation catharsis occurred on the 1/11 date. The end of this holiday week may continue to have a minor friendly…

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