2 replies to this topic

[Rogerdodger]

SPX beat my call for a top yesterday by 32 cents today.
Must be the Big Bots reading my posts.
Futures down tonight so far.
Sentimentrader popped more bullish on that 32 cents.

Investors Intelligence:

[OEXCHAOS]

Roger, Did you notice the total lack of increased Bearishness in that survey, even though it included two days of not so pretty decline? That is one of a couple things that say, "Caution!" M

[Rogerdodger]

Mark, I posted a chart showing the $VIX touching the BB's and reversing but pointed out that each time this has happened it was only a buying dip.
Last night Sentimentrader.com jumped to it's highest s/t bullish reading in a while.
Often that can halt an upmove briefly.

I am going with the cycle guys who are looking for a low around here.
It may have already happened.

http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=3&dy=0&i=p67029482487&a=98177077&r=3372.png

Edited by Rogerdodger, 16 February 2007 - 11:14 AM.