Paul, Justa, JJ, Max, Jeff, etc., etc., etc. I spent a bit of time looking at charts today AH, and, as much as I hate to say this, I think we may be very close to a turn.
1. All of the BPs are oversold, except BPNDX, which is one decently dismal morning of trading away;
2. The NASI reached -1000 today, and the NYSI reached -750. I don't know exactly what the latter means, but it's DEEP.
3. The VIX broke upward HARD, just like I thought it would. The farking VXN is still lagging though.
4. TICK is out of control, TICKQ is lagging.
5. Fast stochastics starting to turn on many indexes, and look like they will cross their trigger lines below 20.
I know, I know, I've been in the "low 1200's COMP" camp, but there's no reason that couldn't be reached intraday Wednesday, or even tomorrow, for that matter...
Anyhow, would some or all of youse guys take a look at my charts and tell me if I'm full of chit?
investorshub.com
TIA,
augie |
