5/09 Indices, page-359

Last night was positioning adjustment
~63% of stocks are now above the 50 MA and has room to go higher. If this is a short term cycle then another 2-3 days of squeeze for stocks to reach that 80-85% optimal shorting area.




Havent got any triggers to take a short position on XJO yet but majority of indicators are suggesting lighten but not by much there is still room to go higher for another day or two. Sell triggers should flash accross all indices like a christmas tree soon enough just hasn't happened yet.

And yes 1hr chart is broken