Broad Markets / Big Markets / Big Wind Directions
+ Consolidation of Puts
+ Main direction still bearish biased for the short-mid term.
+ Worldwide/International financial markets' corrections have not capitulated yet so selling will not end yet.
+ Selling has not reached fear or capitulation yet
+ Big Margin Calls on the Weaker Big Hands on the wrong side of the market have not been triggered yet.
+ Strong Big Hands will still have the need for more sell-downs in order for retailers, small hands and Weak Big Hands to capitulate/chop head in their Longs.
+ Sell-down has not climaxed yet, so I expect more sell-downs to come.
+ Mid-long-term remains a buy on dip for investment purposes in 2013 as markets in Europe and Asia have negated bear market technical structures as mentioned last year 2012.
Implication of Broad Markets/Big Markets/Big Wind Indices Directions
If it is a rising tide in Index Big Wind, most or almost all stock boats generally rise;
If it is a receding tide in Index Big Wind, most or almost all stock boats generally go lower.
Hence the importance of Big Wind Directions walked by Big Hands.