mish, you've ignored my bullish posts and claimed i was an idiot for the last week or two, how much money has that made your poots, i have posted several times about the rydex ratio reaching within a smidgeon of the april lows (bullish 37% vs recent bullish 41%), i also posted the 10dma average to you getting to .75 at the bottom of the last swing when you argued to me the market was gonna go to hell in a handbasket and how the hell could i be bullish, you've got to quit taking market snapshots of bullish sentiment on up days and taking that as wildly bullish sentiment, how many of the permabulls do you read on SI that are cocky and arrogant, not many, most of them are pretty humble - other than a few lucretious parallel universe wannabee's, just like the bears were going into the bubble top.
stockcharts.com[w,a]daclyymy[pb10!b20][vc60][iUb14!La12,26,9]
now you may not follow elliot waves, but the elliot wave of the 10dma put/call ratios put in a five wave bottom at the recent lows and has now crossed over the 20dma, to re-inforce the bullish case we need the 20dma to start to turn up.
the market fluctuates, don't stay the trend to long, learn when to bend, i'm not calling for a new bull market or anything, but i think this swing down is getting done, and we will trade up for a while (after my wave 2 pullback) until bullish sentiment gets cooked again. |
