Abet Chichi2

[chichi2]

"Oct 16th! THERE IS A REASON THE MARKET MAY GO DOWN, BUT WE DON'T KNOW THE REASON YET. As I looked over the charts this evening, I saw every major index except the VIX on a PnF buy signal. I saw every index above the 50 day MA, above the 20 MA and above the 10 EMA. I note that the DOW has posted more gains since Oct 1st, (516.66 points) than it did in the previous four months. I note that the Bullish Percent averages are up 2.425 percent since October 1st. There are a total of 147 stocks in the four major indices that have reversed from O's to X's since October 2nd."

"The VIX has given a new sell signal, and be clear that this is bullish. If and when the VIX reverses direction we take a bearish stance. The Put/Call ratio moves around like a cat on a hot tin roof, and the bottom line is it may generate a PnF buy signal if it hits 1.25 and that settles that." by Ted Burge

for more Ted Burge and others:

PUBLIC Charts (Scs) (rev13)
http://www.investorshub.com/boards/read_msg.asp?message_id=1529224