AI
Just wondering if that represents a top for the general markets
Market could be in a topping out phase. Hard to tell. For sentiment I rely on this indicator along with the Put/Call chart & VIX.
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When I peer very closely at the right hand side of the chart (little black sqiggly line @ 71.. I see 3 things:
1st. The little black line could be tracing out an "M" or double top (too early to tell yet)
2nd. "70" has never been broached before... not even close. )(going back to March 1997). Generally speaking the market has always topped out around the 50 to 55 area. (sell or go short when the indicator approaches 50 & the black line turns over & go long or close shorts when the indicator hits the 20ish area
3rd... forgot what it was... <sheesh>?
Market could be in a topping out phase. Hard to tell. For sentiment I rely on this indicator along with the Put/Call chart & VIX.
When I peer very closely at the right hand side of the chart (little black sqiggly line @ 71.. I see 3 things:
1st. The little black line could be tracing out an "M" or double top (too early to tell yet)
2nd. "70" has never been broached before... not even close. )(going back to March 1997). Generally speaking the market has always topped out around the 50 to 55 area. (sell or go short when the indicator approaches 50 & the black line turns over & go long or close shorts when the indicator hits the 20ish area
3rd... forgot what it was... <sheesh>?
...You don't understand! I coulda had class. I coulda been a contender. I coulda been somebody, instead of a bum, which is what I am.. Marlon Brando 'On the Waterfront'.
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