No reason why I didn't post on SAII, Paul. I just post on whichever thread I happen to be browsing through at the time. I'm still postin' there, too. I admire the work of so many analysts there. It's a group with many approaches, too, which is good. The thread isn't dominated by one omniscient guru fond of self-advertisement, as some groups are. The SAII thread can get overwhelmingly busy at times, though I see that a lot of bulls have scurried back into the woodwork.
The ST and MT numbers for the S&P aren't really all that good for the bulls, because the LT one, which is less volatile, is still way too high -- at an extreme overbought level.
Anyway, the best indicator, as usual, was the AJC indicator. She really has become a remarkable contrary indicator, it would seem.
Here are the CI's again:
ST Naz CI: 75.781, 93.096
MT Naz CI: 75.835, 93.096
LT Naz CI: 95.601, 98.743
ST S&P CI: 21.301, 85.662
MT S&P CI: 21.301, 85.662
LT S&P CI: 63.642, 96.687
Today, there seem to be small bounces in the market indexes, followed by lower lows. So much for Reuters' predictable prediction of an up market, IF Enronitis didn't continue to spread this week. Maybe it's time for a quarantine, at the state penitentiary.
Gotta run. Joe Kernen's on. I base all my trades on his analysis with the tele-crayon. I think he should have a hairdex like Maria, too. His hair moves inversely to the market. |
