NYSE actually had more decliners than advancers last session and market still moved higher. My nose is bleeding!
The put/call chart posted earlier on this thread will now show even lower as put/call last session was 0.37.
I notice that during the important lows of 2008 that the ma reached to just over 3 std devs in Mar and Nov.
In the first case the market corrected 2 months and in the second about 6 weeks.
We are probably a whisker from 3 std devs in the other direction so does that suggest a down move for 6-8 weeks?
It would fit with Laundry's June 20ish low and is also what the pres/dec cycle implies between now and late June/early July.
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Last
8,677.2 |
Change
9.000(0.10%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,668.2 | 8,714.6 | 8,652.6 |
| XJO (ASX) Chart |