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Fractured markets


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#1 NAV

NAV

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Posted 31 January 2016 - 11:50 PM

Here are some observations from my system

 

Short term

 

Unambiguous buy-the-dips mode which i posted last week - on all indices (SPX/DOW/COMPQX/RUT)

 

 

Intermediate term 

 

Bearish on all indices 

 

 

Long term 

 

SPX - Bearish

RUT - Bearish

NYA - Bearish

DOW - Bullish

NDX - Bullish

Nasdaq composite - Bullish

BKX Banking index - Bullish (Below 60 it will enter a bear)

 

This is different from what i have seen in 2000 and 2007, when all indices entered into a bear market in Sync. This is a mixed bag. I make no inference out of this. Just posting what i am seeing. My confidence level on a long term bear remains low until i see all the indices go into a monthly sell.


Edited by NAV, 31 January 2016 - 11:51 PM.

"It's not the knowing that is difficult, but the doing"

 

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