I am not a bull or bear and I traded thru the great 1987 and forward rises and declines so not much gets me too excited any more. However, there are things starting to appear on charts that do not look comforting at this point.
YES, things are different, they always are, but some things never really change they just make you think they have.
Below are four charts with some notes about the action of the VXO on a weekly basis. VXO is not a absolute predictor but, it has been a very good "heads-up" type suggestion indicator. From my studies of the VXO over the years I am becoming aware of a swift large move in the making. Up/down, soon/later, don't really know, but my gut says be safe, too many other indicators are suggesting a stalling trend and a market climbing on fumes.
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VXO is not a timing tool per-say, but has been very useful to me. Hopefully the notes on the charts will help.
I think we are/have toped at least for the current time frame. We might bounce several times but ..............
Comments & suggestions are always welcome,
mss
