Gottfried, Thanks for posting this. It is scary, but the first two red zones on the chart, where the Nasdaq bullish percent got to about 50, were no problem at all, just minor dips. Maybe the way this works is when there are lots of other positives (e.g. massive Fed cuts, tax cuts, 2.1 trillion on the side, coming out of a economic downturn (I hope), etc.) then you just get a minor dip, but if not, you get a really big one. Perhaps I am trying too hard to make this look positive. I guess we find out real soon about it. One big positive though was how the market handled that bad news on Friday. I heard Art C. on CNBC Friday evening, and he thinks that money on the side may start to come in next week, if I remember correctly. This will be an interesting week.
John |
