I think we'll see an intermediate term top within the next 2 weeks. The current levels of the VIX and VXN are not sustainable. Also, have you looked at some of the bullish percent indices or summation indices? There are very strong signs that the market is extremely overextended right now.
Hey, JJ (John Jay) good to hear from you! I must agree that the market and the economy seem well. It also looks (to me) that Obama will get re-elected. Romney is just a Rockefeller Republican ( a wealthy version of Obama).
Does your system ever give bearish indicators? Did it give any indication of last summers significant sell off? We are due a sell off but I'm not front running it.
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