MARKET COMMENTARY: 2/09/18 by Woody Dorsey:
NEAR TERM: The Dorsey Sentiment registered another 1% Bullish today. Keep it simple: more corrective behavior is due Dates are for members only. Let’s see what it does into there. It makes market sense for some bounces but probably not much more than we are already seeing. This Friday Monday pattern is often offers weakness. Dates are for members only “Clipper Correction” to end. It does look like one more maybe slower move down for a 5th wave will occur. If today is not hug eon the upside it does target Dates are for members only as a potential for the low. Again, the pattern projection has been for a “low Dates are for members only That is still operable as is the new projection for a bounceDates are for members only Traders may keep trading this market but without any Belief structure. A whole week or even month of action is occurring in one day. So, one day at a time.
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