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Re: None

Thursday, 02/09/2012 10:30:26 AM

Thursday, February 09, 2012 10:30:26 AM

Post# of 8321
Last time, I said that the options were a little bit Bearish, but not heavily so and there were a lot of partially long Bulls in the message board polls too so we'd allow for selling. I just wasn't very excited about it. I warned that, we could be much, much higher before a big sell off. That's still a possibility. I don't think it is, but I'm finding myself wanting to short, despite not having even short-term signals. That doesn't preclude a decline, but it's not very supportive of such. Right now, the options aren't much help and neither is the Message Board poll. Now, AAII had a big Bullish spike and that's Bearish, but individual investors have largely been marginalized, so that "sell" isn't much of one. Today, NAAIM reports and we're close enough to a Sell that we'll be paying attention to those numbers. Note that even if we do get a Sell, we take no action without serious technical support.


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