Woke up this morning and viewed a couple of charts.. 10-day OEX Put/Call ratio is over 2.0 this is bearish medium term, but it could be awhile before the market turns, The 10-day CBOE and Equity were not at as much extremes as they were in July before the big dump..
NASDAQ Volume/NYSE Volume was high Friday eluding to a higher probability of a down Monday......
Long term 100-day TRIN and 10 moving average of low trin continues to show we are in a long term bottoming phase....
I think I will hold on to my longs for now, but there are a lot of mixed signals in the market......
Barry
Looking forward bullish or bearish
Started by
qqqqtrdr
, Nov 05 2011 09:21 AM
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