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Tom K

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Tom K

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Thursday, 05/29/2003 6:50:10 PM

Thursday, May 29, 2003 6:50:10 PM

Post# of 37180
$NYA "twin" spinning tops spell short-term bearishness

...although we're yet again in a seasonally favorable period.

$VXN breaks through the lower Bollinger band and gives clear-cut bearish signal today (according to my interpretation). $VIX has been bearish for a few days now. The $NYA and $COMPQ are running in opposite directions. Breadth is still overbought and momentum divergences keep getting longer and longer.
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