justa, the fact that the bear threads dominate the top of the hotlist for this big rally off the march - april bottom, is bullish, i thought that when we had the fake-out break-out a coupla weeks ago and the clowns were off the hotlist for a number of days, that maybe that was enough capitulation to mark a turning point in a bear market rally, however the nas held the bottom of the box and has had a bunch of bad news thrown at it and refuses to break down.
we are use to a low vix marking tops, however there are a boatload of stocks and indexes that have gone sideways since late april, creating cheep options, so i'm not sure the vix can be equated to complacency, maybe indecision.
gaps are usually encouraging for emerging trends, unless they are exhaustion gaps, a gap open tommorrow has to be given the benefit of the doubt, sure would't short it, unless maybe it did a giant gravestone doji -g- |
