Heinz,
Although I am bearish for the very long term (within 5 years the P/E of the S&P back in the 15-20 range or lower), for the shorter term, I am noticing some slight bullish hints.
For the short-term(1-5 days), I have CLASS 1 SELL signals. As mentioned previously, I got back to back SELL signals which statistically is a bullish sign. It could just be due to option expiration as Lee indicated, or something else.
Im not saying that we are going to blast to new highs immediately, but that I am making sure that I am not overly BEARISH. I just need to see how my CLASS 1 SELL signals perform.
I also mentioned that I have a CLASS 1 BUY signal in CRUDE OIL, and it should bounce very soon. However, it appears that it could just be a bounce in a larger downtrend. If we do get a bounce to the upside in CRUDE early next week per my signals, then that could push the rates up some, however not sure if the forth coming bounce in CRUDE will last too long.
This is really getting confusing, and we have next weeks trade report, and who knows how/if they will skew those numbers.
seeya |
