Tickometer DOUBLE

Tonight we saw the second day of a close near the top tick and above the BB's.
A quick look-back shows 4 other doubles since Jan 2007.
Jan 12 & 16 2007, which was followed by a mere 5 point pullback.....................(AAII was @ 56)
Feb 13 & 14 2007, which was followed by a 70 point drop...............................(AAII was @ 61)
June 29& July 1 2007, which saw a 10 point gain before dropping a wee bit more.(AAII was @ 53)
Jan. 31 & Feb 1 2008, which was followed by a 50 point drop.......................... (AAII was @ 38)

The last AAII sentiment reading was 51.

http://stockcharts.com/c-sc/sc?s=$TICK&p=D&yr=0&mn=6&dy=0&i=p55395253693&a=27881618&r=1318.png

However, the lines here are obvious.
Very light volume could come in handy for those wishing to move things.
A ballet dancer crouches down before leaping, or pulling a hamstring.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=p51570748413&a=95529637&r=2415.png

And today makes a TRIPLE!

And today makes a TRIPLE!

Now that's what will happen when it gets a trippple.

Edited by redfoliage2, 29 August 2008 - 03:08 PM.