Replies to post #68906 on Zeev's Turnips Patch-No Politics (ZEEV)

[leon]

chainik,hard to say definitively but thats the way it appears to me. btw, just as a point of reference, the ndxbp 10sma is now 60.4 while at the july/oct bottoms the numbers respectively were 26.6 and 17.8; there are also a few other indicators with similar readings. doesn't mean we can't bounce at any time but i believe it's pretty clear thats all it would be until further deterioration in sentiment is evident. LEON

[gottfried]

chainik, I updated the bpcompq/vix/compq chart and observe that a vix of 40 has in the past 2 years always been accompanied by a much lower bpcompq. Unfortunately I have no bull market data. I'm not sure what to make of this.

http://home.attbi.com/~gottfriedm/bpcompq_vix.gif

Gottfried