In spite of the odds for another little rally, the overall pattern is clear..Here you can see the McClellan Summation Index has exceeded the general trendline that defines "High" markets...so going long here for anything other than a very short term trade would not be wise..
1 comment:
Mark
see the same as you--expect a little up here on light trading Friday and Monday getting the AVG TRIN and P/C ratios back down for another slap--kept about half my shorts today
Full moon right on target
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