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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (94137)2/2/2014 3:50:10 PM
From: Vitas2 Recommendations

Recommended By
Justinfo
The Ox

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Well, if you put it that way...who knows, you may be right. My thinking is that since the breakout at the beginning of May last year pullbacks have been minor and the market keeps making higher highs and higher lows. I haven't bought any SPY puts in over a year and have saved tons of $ by not having done so.

My guess is that whatever happens now there will be at least a recovery high somewhere in April. If so, I will look to see if there are any air pockets developing at that time.

Here's a chart of Dow RSI 44 and RUT RSI 44.



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