Hi Ray,
I see a lot of nice daily charts, but my weekly charts are generally not encouraging. VIX is low, so should rise as the market falls, but it's been low long enough so that it may play submarine for awhile.
Monday should be very helpful in determining market direction. "Should be", because it was barely over two weeks ago that I saw a significant bottom, but it wasn't confirmed the next day, and the day after that was non-committal, and it wasn't until the third day after the signal that I finally got confirmation. That kind of action sure makes one gun-shy.
Re: ALA, my daily chart looks very positive, but weekly shows cause for concern. I'm sure a lot of help, aren't I? |
