Paul, a very good observation on Velo's part, furthermore, we had 5 straight up days on the Naz, an unusually long string, string (the last was last October), unfortunately, such a string can be interpreted both as bullish and bearish, so all one can say (from just that phenomenon) a down day is likely soon, but there is no way (just from that data) to determine what is next. My experience has been that if two out of four consecutive up days have a trin in excess of 1000, that is bullish for the intermediate time (Last October was such a case, if memory serves), but in the absence of such high trin, who knows.
Zeev |
