After this two day bounce so well predicted, maybe luckily, by my short-term indicator, where do we stand?
Back towards the middle. I've noticed that most times since QE2 started, hold-short has rarely stayed suspended above the 50% line. The hold-long line was able to quite a few times. However, things always change. We'll have to see what happens with this.
VIX at long-term support. However, that support was broken at the end of April, and could be again.
McClellan's downward move is stalling. The TSV is not that low, but is below the 1st standard deviation as it as tightened substantially. Can it reverse here and head up with strength? Something I realized today is that the first date of the Bradley Siderograph was February 17. That was almost the exact top of this index for 2011.
Medium term traced a bit back to the middle today.
"Perchance you who pronounce my sentence are in greater fear than I who receive it." Giordano Bruno