Longer Term Outlook Still Beearish with BP Alert

As a supplement to my earlier call this afternoon about a VST bounce, I feel somehow obligated to also point out what should be expected is nothing more than just a bounce. The longer term outlook continues to be quite bearish.

My long-term "Poly" indicator that I've posted here before had just turned negative today. The last time it had crossed the red line and into the negative territory was in early October 2007.



And, following the Relative VIX footsteps, the Relative QQV had also shot through 1.00 with conviction today.

And, my EA continues to stay on BP alert.

Any bounce is shortable here-and bounces will be nowhere near as large as many seem to expect. Your charts reflect my thoughts-this is going to take some time.

As a supplement to my earlier call this afternoon about a VST bounce, I feel somehow obligated to also point out what should be expected is nothing more than just a bounce. The longer term outlook continues to be quite bearish.

My long-term "Poly" indicator that I've posted here before had just turned negative today. The last time it had crossed the red line and into the negative territory was in early October 2007.



And, following the Relative VIX footsteps, the Relative QQV had also shot through 1.00 with conviction today.

And, my EA continues to stay on BP alert.

I am now just waiting for a nice rally to come to get short again after clearing the nikkei. A major downtrend is just about to start!

spook & porsche - Agreed. Sell the rally is still the strategy until further notice.