Excitin is right, i shifted my beanie blade today, all cash and some short.
SPX, made 50% retrace, volume and internals on this rally were suspect, (come on bulls --- market opens up on a big rally daze 3-1 positive breadth and fades to 1.8 to 1 by the close, i call these bulls the crystal bull - very breakabull -g-)
McCllellan Oscillator after deeply oversold area came back above zero and reversed today, usually this makes another higher low, while the averages makes lower low for the buy spike.
Great news!!! - bonds below 6% market sells off - oh my!!!
Nasdaq at stiff resistance at the April high.
Broker pump and dump the internets today, trying to start the Santa rally in AUGUST!!!!!!
We got a right shoulder earthquake and the moon is in aquarius -%-
Larry, Moe and Curly Top still in force, momentum, volume, a/d line, bonds all peaked a few to several months ago.
bb |
