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

To: Blue On Black who wrote (23279)	3/30/2016 5:35:22 PM
From: skinowski	Respond to of 41464

$VIX today bottomed just over 13 -- the lowest print since a spike low last October, and before that - last August. I suspect that momentum is in itself an interesting indicator. It is known that at market tops, momentum strategies underperform. That's understandable - the very essence of momentum is that whatever moves, will keep on moving. Near tops, however, the tendency to follow through disappears. The momo is dying. In this sense, it's curious that a momo ETF is showing strength - and getting ready to challenge previous highs. Btw, notice the nice bearish divergences on RSI and MACD on this weekly chart, prior to the decline. The darn indicators do work... -g.