Hi all,
I calculate Laundry's VO at -10.6. More remarkable is the Arms ratio/TRIN. For the SP500 it moved from 0.88 to 1.00 i.e. a neutral and less oversold condition on the back of a rise in price...thats bullish! For the NASDAQ a similar story but even more accentuated, 0.61 to 1.23 on the back of an even greater rise in price.
For me this points to a potentially violent higher high for the SP500 in the next few trading days.
Another observation, the presence of the 'wrong T' will make shorting this market dangerous as for me it offers the possibility of another (perhaps lower) high shortly after (early Nov?) the next correction.
Still bugging me that we can be recording SPI discounts at this time...
tigga
weekend wonderings, page-16
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7,999.3 |
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Mkt cap ! n/a | |||
| Open | High | Low |
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| XJO (ASX) Chart |