What gets me is that this last rally got the bears to become bullish.
Kinda funny that way, now the market might actually trend up, slowly, before dropping again.
VIX never broke 30, not vicious enough to think a bottom is in, for me anyways.
decisionpoint.com
OEX p/c shows a bottom is in, historically anyways...
decisionpoint.com
The TRIN bugs me too
decisionpoint.com
The corrections have been getting shallower and shallower, buy the dip is in full force and not waiting. I don't know if this is to be interpreted as strength or a major trap.
A strong finish today will be putting this thing closer to overbought than oversold. Then what? Sideways till something pushes??????
I wouldn't be surprised if the SPX slowly got back above 1340, maybe even as high as 1360, drop the VIX down to 22-23ish, then whammo. This would happen after most earning reports were out, the biggie being MSFT tonight. They did pre-announce, that still gets me, they cite a slowdown, but say they will factor in some odd ball stuff to make up for it and still make the estimate.
Charts show alot of indices and equities are tettering, again. UGH, my head hurt. heh heh heh
cheers,
D |
