Replies to post #132367 on ajtj99's Market Pulse

[ajtj99]

Just to confuse things even more, the Dow is working on a bearish harami candle today.

[rich ruscio]

$SPX nearly has a quad top on the 1 minute chart.

You like 3 you'll love 4 ...

rr

[ItsAllCyclical]

Despite markets falling VIX is barely higher. I tend to feel the ST/IT direction is going to be opposite LIBOR and other measures of financial health (not saying much I know). Keep it simple at least till we get to a more obvious over-bought/over-valued situation again. Right now the LIBOR direction is down and will likely continue for a bit.

When the high quality cheap stocks start to get expensive again I'll get worried.