dennis don't put pressure on me man, my therapist sessions are already eating way more than slippage and commission - lol
here's a wedgie, the summation index, which during bull markets usually is much more trending, not zig-zagging like it has been since the march bottom, we have a bearish divergence with the july top, also don't care for the whole bundle of small bodied candles (the boring market) followed by the big black bearish engulfings of the last couple of days, maybe these are a retest of the breakout, we'll see.
stockcharts.com
stockcharts.com[L,A]DACLYYMY[DF][PB50!B200][VC60][IUB14!LA12,26,9]
the spx is in oversold territory on 9d rsi commensurate with bottoms and up against the 200 dma, the oex is as oversold on 9 rsi as it has been in the last 3 yrs lead by soft and crisco, rydex #'s are at the july 28th bottom area.
it kinda looks like we may have bottomed today or tomorrow, but some of the chart patterns still look flaky to me, maybe by the end of october, we will wish we all just went fishin - lol |
