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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (35935)	3/8/2011 8:58:15 PM
From: John	2 Recommendations Read Replies (1) \| Respond to of 71400

The equity markets continue to exhibit historically-high bullishness in many respects and there is considerable imbalance in the major indices, which is quite uncommon when one considers the long term means, extremes, and the general range of oscillation of a short-term indicator. The two charts below illustrate the 5-day rank ratios, expressed in two dimensions. The first one includes the ratio of the sum of rank 1s to sum of rank 5s (strongest to weakest closes over the past five days). The second one includes the ratio of the sum of ranks 1 and 2 to the sum of ranks 4 and 5 (strongest and second strongest to weakest and second weakest). This provides additional verification of which end of the spectrum the market is closing at during each 5-day interval. Both metrics are at historic highs and indicate extremely bullish behavior in the ^DJI so far this year. It is unusual to have such a prolonged imbalance.