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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?


To: marginmike who wrote (4371)12/14/2005 9:02:05 PM
From: Shack  Read Replies (1) | Respond to of 41435
 
Generally benign IMO.

My 40-hour MA of TRIN is neutral but crossing into an area of over-bullishness.

My 10-day MA of the all-exchange equity P/C is beginning to get down there a bit, 0.6, but still a fair bit aways from the extreme readings I had in Jan 2004 and Dec 2004 which was 0.5.

I'm not saying we don't correct theis Oct impulse, but I have no fear at this point that it will be more than that. The bullish charts I am seeing are "macro-bullish", meaning a multi-month trend is underway.