When considering investments, ANIE looks at daily pricing action. She also looks at weekly and monthly pricing so we have our fingers on the longer term pulse.
Friday, I noticed something I’ve never seen before — daily, weekly and monthly Equilibriums converging at 2,795. I looked back at the Dot Com crash of 2001 and the Financial crash of 2008 to see if this triple witching has ever occurred before — it hasn’t.
So what does this triple witching Equilibrium mean? I haven’t a clue. Remember, this the first time I can find it happening. However, if I had the opportunity to be a prognosticator on CNBC (hint), I might say it means if the market bounces off 2,795, we could see the makings of a new bull run. Or I might say if the market breaks below 2,795, it means we could see a market crash (decline of 50% or more).
Yes, I answered both sides. However, those familiar with me know I don’t talk about just one side of the market because I’m NOT a market prognosticator — I’m a market analyst. That doesn’t mean our clients aren’t invested in one direction — because they are. It also means we’re prepared to act, even if the other side of the coin lands facing up.
