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.
Add to My Watchlist
What is My Watchlist?