Replies to post #1980 on Chelsea Oil and Gas Ltd. (fka COGLF)

[Belek]

maybe they are trying to brainwash the investing public to buy in so they

can short the hell out of the market, like my guy says, its distorted,,,,,

back to the NDX

[Belek]

getting worse now,,,,,,,,,,,,,,,,,,

from headline charts, me, I wanna see SPX break below 2062 real hard

The short-term trend is represented in the chart above by the PMO index.

It's day two (or maybe day three) of the downtrend. Finally, the PMO gave a clear signal. As you know, this index can move very quickly from overbought to oversold. Just saying.

The new 52-Week lows are elevated and at alarming levels. The yellow light is flashing the caution signal.

The bulls are still active though. The bullish percents are just barely rolling over, and bonds are not rallying.

Bottom line: Watch the new 52-Week lows. Excessive new lows while the market is near resistance and trying to break higher is not a good sign.

[Belek]

What gives? What about this is so bearish that hedge funds want to short?

[Belek]

the MO-RA is showing oversold currently with a slight turn, could

be we are close to a temporary bottom here, not a sure kill zone but worth
the watch,,,,